It may seem like the stuff of science fiction but could business in space really be seen in our, or our childrens', lifetimes? And how will it be governed from a legal perspective? 

Space law has been around for decades and covers issues such as the right for all to use space, liability for damage, the rescue of astronauts and military use. But if space business will, one day, be conducted solely in space with no connection to Earth, it begs the question of how the underlying commercial contracts will be dealt with. What will be the governing law? How will breach of contract be dealt with? Will we have space currency? Say one of your advisers (based in space) is negligent or one of your space hotel's employees feels they've been wrongfully dismissed? Will people on Earth be able to complete deals with those in space? (Seemingly, there is no reason why not; surely it will be akin to a cross-border deal in this day and age?)

Presumably space law will evolve to cover all of these concepts and issues but this then leads to the issue of who will be responsible for effecting this evolution? Will there be a space legislature and judiciary sitting somewhere in the cosmos made up of various individuals from Earth or will humans be capable of living in space by this point, necessitating an inter-galactic forum? I'm smiling as I write this but according to Lockheed Martin's Joe Landon, it may be something we have to deal with sooner than we think.