Eminent Domain

(redirected from Compulsory acquisition)
Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia.

Eminent Domain

The right of a government to force the sale of real estate by a private individual or corporation in certain cases. For example, if a municipality is building a road, it may exercise eminent domain to purchase the land along which the road is going to run. While the private owners are paid for these purchases, they may not refuse to sell. The term is most common in the United States. The concept is called compulsory purchase in the United Kingdom and compulsory acquisition in Australia.

eminent domain

The power of government to take land for the public good with the payment of just compensation.See condemnation.

Eminent Domain

The right of a government authority to take private property for public use and paying fair compensation to the owner.
References in periodicals archive ?
At completion of the compulsory acquisition process (usually 4 to 6 weeks although this may be longer in certain circumstances), CEMEX will provide to Rinker the cash consideration for the Rinker shares that are compulsorily acquired.
Pursuant to section 979 of the Act, Sabadell are now entitled and bound to acquire the TSB Shares held by TSB Shareholders who received the Compulsory Acquisition Notices and had not validly accepted the offer on or before 20 August 2015.
ASIC today also released Report 350 Response to submissions on CP 193 Takeovers, compulsory acquisitions and substantial holdings: Update to ASIC guidance.
25 October 2010 - Oslo-listed offshore service provider Seadrill Ltd (OSL: SDRL) said it will complete today the compulsory acquisition of all remaining outstanding shares in rig operator Scorpion Offshore (OSL: SCORE) for NOK40.
TDC said that it had decided to initiate compulsory acquisition proceedings soonest after settlement is completed, and would prepare for de-listing of the Song Networks shares from the Stockholm Exchange.
Having reached shareholder acceptance of 90 percent of shares of 42 BELOW Limited under its takeover offer, Bacardi intends to begin compulsory acquisition of the shares for which it does not receive acceptances by December 15, 2006.
09% stake in local broadcast services firm Timeweave Plc (LON:TMW) through a buyout bid and would proceed with the compulsory acquisition of the remaining shares targeted by its offer.
TELECOMWORLDWIRE-16 December 2003-Telenor ASA to initiate compulsory acquisition of Utfors AB(C)1994-2003 M2 COMMUNICATIONS LTD http://www.
Holders of Shares are also reminded that the Offeror, having obtained more than 95% of the Shares, will initiate the statutory compulsory acquisition procedure as referred to in articles 2:92a or 2:201a of the Dutch Civil Code in order to acquire all Shares held by minority holders of Shares.
Now, with over 90% of the outstanding publicly held common shares of Bell Aliant tendered, BCE will proceed to acquire the balance of the common shares not tendered through a compulsory acquisition as described in the offer.
2 July 2012 - The Oslo Bourse and the Norwegian Financial Supervisory Authority said on Monday they had suspended the Statoil Fuel & Retail ASA (OSL:SFR) shares from trading due to the compulsory acquisition of the stock by Canadian suitor Alimentation Couche-Tard Inc (TSE:ATD.
NORDIC BUSINESS REPORT-20 April 2006-SeaDrill Ltd subsidiary to initiate compulsory acquisition of Smedvig ASA shares(C)1994-2006 M2 COMMUNICATIONS LTD http://www.