It argued among others that RA 11212 did not violate the equal protection clause and all requisites for the exercise of the power of eminent domain were present for the
expropriation of Peco's distribution assets by More Power.
"The clarification that we are seeking in the mandate is to be more specific in terms of addressing this (
expropriation without compensation), and we have gone further to highlight and assist with wording for when such (
expropriation) can occur," Vuyokazi Mahlati, chairwoman of the panel, told a press briefing where the report was released to the public.
Once the value of the companies' real estate has been driven down, the aim is to achieve a drastic discount on the net asset value during the planned
expropriation phase - ultimately, perhaps only 30 per cent of the current market value will be paid as compensation.
Supporters of such a move, led by President Hage Gein- gob, view
expropriation with- out compensation as a chance to finally correct the injustice of land dispossession under apartheid and colonial rule by offering ownership, stability and employment to historically marginalised Namibians.
Careful consideration should be given to
expropriation," argued Geingob at the conference.
The South African central bank has said that it is confident that commercial lenders can handle potential effects of the ANC's land
expropriation policy.
In this regard, this analysis of the evolution of
expropriation provisions and investor-state dispute settlement (ISDS) clauses not only stands to benefit future investment treaty negotiations in the context of OBOR, but also assists Chinese investors in identifying viable solutions for obtaining maximum treaty protection under the active BITs concluded between China and Belt and Road Initiative (BRI) countries.
Hence,
expropriation is made subject to the payment of compensation, "the amount of which and the time and manner of payment of which have either been agreed to by those affected or decided or approved by a court."
Regarding the fees for the registration of imported mobile devices and contracts for the
expropriation of vehicles, according to the amendments, the amount of duty for them will be determined annually by the relevant executive authority.
The court said the
expropriation process should have been the jurisdiction of Office of the Solicitor General and not the provincial government of Camarines Sur.
Hence, such encouragement may lead to
expropriation if the listed companies involved in activities that will promote the firm financial performance.
