Eminent Domain

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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 ?
The compulsory acquisition is expected to run to 29 December, when the shares in U-Sea Bulk Shipping are due to be delisted from the Copenhagen exchange.
Regulatory Guide 10 Compulsory acquisition and buyouts
29 June 2011 - The compulsory acquisition of the shares in Golar LNG Energy (OSL: GOLE) will take place at NOK26.80 apiece, the buyer, Oslo-listed liquefied natural gas (LNG) carrier Golar LNG Limited (OSL: GOL), said on Tuesday.
Aurora Oil & Gas Ltd is pleased to announce that it has completed the compulsory acquisition of all remaining shares in Eureka Energy Limited.
The two bidders plan to increase their offer for Macarthur to AUD16.25 apiece if they reach the compulsory acquisition threshold of 90% by the bida[euro](tm)s deadline on 11 November, they added.
After the conversion is registered, Autronica will start a compulsory acquisition of the remaining shares in Simtronics.
The offer will stay open until further notice, the buyer said in a statement, adding it will proceed with a compulsory acquisition for the rest of Axis-Shield as soon as it reaches an acceptance level of 90%.
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 NOK40.50 apiece.
After the offer period expires, Assa Abloy plans to launch a compulsory acquisition of the rest of the Cardo shares and take the company private.
Subject to the satisfaction or waiver of the remaining conditions in the offer, Rheinmetall now plans to make a compulsory acquisition of the remaining shares in Simrad Optronics and to apply for a delisting of the company.
The private equity firm will settle the acquired shares and convertible bonds on 3 March and start a compulsory acquisition of the rest of Biolin Scientific, the buyer said.Country: , SwedenSector: Biotechnology, HealthcareTarget: Biolin Scientific ABBuyer: Ratos ABDeal size in USD: 48.2mType: LBO, P2PStatus: AgreedComment: Extended offer closed, to launch compulsory bid for the rest of the stock.
Rolls-Royce now intends to make a compulsory acquisition of the remaining shares in Odim and to apply for delisting the stock from the Oslo Stock Exchange.