Expropriation


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Related to Expropriation: Creeping expropriation

Expropriation

The official seizure by a government of private property. Any government has the right to seize such property, according to international law, if prompt and adequate compensation is given. Sometimes referred to as nationalization.

Expropriation

The act of a government or, rarely, a private organization taking property away from its owner(s). Generally speaking, expropriation implies that the owner will be compensated for the loss, though not always at fair market value. Compensation does not always occur when citizens have little legal protection against government takeovers.

expropriation

The seizure of private property for public use by condemnation.

References in periodicals archive ?
The government institutes expropriation proceedings by filing a complaint before the proper court.
This article will begin with a section explaining the law of expropriation in Canada generally, and some of the landmark decisions that have been issued on the subject.
When the firm is publicly listed, controlling shareholders often maintain this feeling of possession and thus leads to capital expropriation of minority shareholders from the listed firm.
Some MPs criticized this law and even doubted its constitutionality, recommending the institution of guarantees to protect the rights of citizens at the expropriation of their lands or private properties for public projects.
that are increasing the risk for foreign investors of expropriation," he says.
I believe the government understands the dangers and difficulties of nationalisation, I don't think it believes that it will not, on expropriation, be liable to compensation.
Pena Nieto's decision to sign the expropriation order attracted strong criticisms.
The tribunal recognized that a losing bidder in a public tender process generally will not have a claim for expropriation as such, even if the tender process may be flawed in other respects.
The Cabinet issued an immediate expropriation order, which is normally only adopted at times when national security is at stake, on Jan.
Keywords: Corporate governance, Small and medium-sized enterprises, Ownership structure, Expropriation, Minority shareholders
The Premier reiterated Abitibi's mill closure justified the expropriation of its assets: "We will not give away our valuable timber and water resources to a company that does not honour its historic commitments.
Legal changes envisaging fast-track expropriation of terrains on the route of socially significant projects passed first reading in Parliament on Thursday.