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Finance and Procurement of Aerospace Activities


Admission requirements

Admission to the fulltime face-to-face advanced LL.M. programme in Air and Space Law.


The course aims to provide students with knowledge of topics falling under financial services and procurement regimes of both air and space activities. Lectures on aircraft financing cover the Geneva Convention, the Cape Town Convention including the aircraft protocol and, financial transactions pertaining to aircraft and part of aircraft, aircraft leasing and aircraft repossession. For space activities topics include space insurance, risk and liability, contracting and procurement in space, the UNIDROIT Space Protocol and dispute settlement.

Course Objectives

Upon completion of this course, students should be able to:

  • Identify and understand the key issues in the area of finance and procurement of aerospace activities.

  • Know the most important case law in the area of aircraft finance.

  • Explain the rules and their applicability to aircraft financing and procurement regimes in space activities.

  • Analyse and adress various legal issues pertaining to finance and procurement of aerospace activities

  • Apply the rules to cases and solve practical case studies.

  • Undertake an individual research project in the area of finance and procurement of aerospace activities.


Students can view the timetable in Brightspace.

Mode of Instruction

This course has been divided in a number of modules that cover a certain theme. Each module provides students with theoretical knowledge through reading materials and knowledge clips, and other suggested sources. Students are ultimately responsible for coming to classes prepared, which will elevate the classroom session.

The lecturers make extensive use of interactive teaching, thus encouraging the students to exercise their comprehension and understanding and their verbal techniques. The level of interaction is high, and students are encouraged to reflect critically on the issues presented. Guest lecturers and practitioners are invited to highlight specific topics and themes from various perspectives.

Attendance at all lectures and excursions is mandatory: any absence must always be reported to the Programme Coordinator.

Assessment method

This course is assessed by means of a written paper (100%)

Only one retake may be granted to a student per course. No retake will be granted to a student who has obtained a weighted average grade for the course of 6.0 or higher, cf Article 12.2 Course and Examination Regulations. No retake will be allowed if a student has not taken the scheduled exam, or any other scheduled form of assessment, and handed in written proof of a conscientious effort to meet the deadline. This is without prejudice to justified reasons of health, family or any other force majeure that could prevent the student from attending class or from participating in the assessment, cf. Article 12.3. The grade obtained in the retake assessment will replace the grade of the failed assessment and will be included in the weighting of the grade for the course.

Reading list

Introduction to Air Law by prof. Mendes de Leon (2017), articles and suggested reading materials.


Students will be registered automatically for the course in uSis and Brightspace.


International Institute of Air and Space Law (IIASL)
Law School, Leiden University
Steenschuur 25, 2311 ES Leiden, Netherlands
Postal address: P.O. Box 9520, 2300 RA Leiden, Netherlands
Phone : +31 71 527 8081


Disclaimer: This course has been updated to the best of our knowledge at the current time of publishing. Due to the COVID-19 pandemic and the fluctuating changes in lockdown regulations, all information contained within this course description is subject to change up to 1 September 2020.

Due to the uncertainty of COVID-19 after 1 September 2020, changes to the course description can only be made in the event of strict necessity and only in the circumstances where they do not impinge the interests of the students. Should there be a need for any change during the duration of the course, this will be informed to all students on a timely basis and will not be to the prejudice of students. Modifications after 1 September 2020 may only be done with the approval and consent of the Faculty Board.