Abstract
International Space Law forms one of the most recently established branches of international law. Its progressive development requires effective means to settle disputes at an international level. A generally accepted system to settle disputes on space law matters peacefully would not only benefit the world community by reducing tension in international relations, but would also appear to be indispensible for an increase in the reliability and credibility of this new field of international law.Moreover, enhanced trust in the existing system of international regulation of space activities could facilitate the willingness of nations to extend and elaborate this specific field of international law. Establishment of an effective mechanism for dispute settlement in international space law could positively influence the general subject matter of peaceful settlement of international disputes by setting an example for international relations in the increasingly dependant world of modern times.
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