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42 UCLA L. Rev. 575 (1994-1995)
Moving the Heavens: Lunar Mining and the Common Heritage of Mankind in the Moon Treaty

handle is hein.journals/uclalr42 and id is 589 raw text is: MOVING THE HEAVENS: LUNAR MINING AND THE COMMON HERITAGE OF MANKIND IN THE MOON TREATY Brian M. Hoffstadt* INTRODUCTION ................................................ 576 1. THE INSTABILITY SURROUNDING THE MOON TREATY .................. 583 A. The Moon Treaty: A Brief Analysis ........................... 583 1. The History & Basic Provisions of the Moon Treaty ............ 583 2. How the Moon Treaty Helps Private Enterprise ............... 585 B. The Confusion Caused By Common Heritage of Mankind: How the Moon Treaty Hinders Private Enterprise ........................ 587 1. Origins & Possible Meanings of Language ................... 587 2. CHM Within the Moon Treaty ........................... 589 a. The International Regime ............................ 590 b. The Distribution of Benefits of Lunar Mining ............. 591 3. Law of the Sea: CHM Gone Wrong ........................ 592 a. Provisions of the Original LOS ........................ 595 b. Evaluation of the Original LOS ....................... 596 c. Provisions of the Revised LOS ........................ 598 d. Evaluation of the Revised LOS ........................ 601 II. THE DEVELOPING COUNTRIES AND COMMERCIAL DEVELOPMENT ......... 603 A. The Power of the Developing Countries ......................... 603 B. The Agenda of the Developing Countries ....................... 609 1. The New Economic Order Theory ......................... 609 2. Agenda Items ........................................ 609 a. Re-Distribution of W ealth ........................... 609 b. Transfer of Technology ............................. 610 c. Veto Power ............................ : ......... 611 3. Success of Resource Allocation Projects Satisfying This Agenda ... 611 III. AN ACCEPTABLE REGIME THAT WILL PERMIT EXPLOITATION ............ 612 A . The Regim e ............................................ 613 1. ROI & The Lunar Fund ................................ 614 a. The Lunar Commission & CHM Fund .................. 614 b. Feasibility of the System ............................. 615 * Business Manager and Editor, UCLA Law Review. J.D., 1995, UCLA School of Law; B.S., 1992, California State Polytechnic University, Pomona. I want to thank Michelle La Mar for the topic; Professor John Setear for his guidance and advice in writing the paper; Todd Kanto- rczyk, Christy Pyland, Andrea Rossi, Nedy Williams, Dan Clark, Eric Vanderpool, Kristen Holm- quist, Nadia Shabaik and Holli Payne for editing and cite checking; and my parents and sister for their unending support through the process.