The following text concerns the subject related to the geoestationary Earth orbit and its legal regulations.This particular orbit has been problematic in matters of access and usage, and the present text will study it, followed by the analysis of the existing efforts to regulate it.The necessity of developing a particular regulation from the current efforts will be shown, towards fulfilling the basic principles in Space Law.The text will conclude with a specific proposal to develop a special legal regulation that seeks to solve the problem concerning this particular spot in outer space.