Definition of expropriation in the idioms dictionary. It is distinguished from confiscation by the fact that compensation is paid to the. These projects are necessary to allow our society to progress and operate efficiently. This was not sufficient to amount to expropriation as business risk is a part of investment. All claims for property by, or for damages to the owner caused by the expropriation of property pursuant to r. Physical seizure of property for a highway or a park, for example serious, sustained physical invasions of property as in the case of low over flying aircraft, for example eminent domain. Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities, being transferred to be the state the opposite of nationalization is usually privatization or denationalization, but may also be. Pdf land expropriation and compensation payment in.
Expropriation is exclusively used when it comes to the construction of the facilities of public interest, and the facilities of public interest are all those facilities that are legally established to be of public. The term expropriation, in english, originally meant the appropriation without equivalence of the title to real property, and hence, the separation, removal, and alienation of human beings from the land. Expropriation may sound like a terrible practice at first, but there are some legitimate reasons as to why expropriation may be necessary. Federal, regional, addis ababa or dire dawa cabinet have the power to decide on expropriation. Eminent domain is the legal term describing the governments right to do so. The infections that prevailed at the outset of the industrial age illustrate how medicine came by its reputation. Ethiopia has enacted an expropriation of landholdings for. The concept of expropriation under the etc and other investment protection treaties by christoph schreuer revised 20 may 2005 outline 1. Expropriation, the taking away or depriving of property or proprietary rights. Expropriation noun the noun expropriation has 1 sense 1. Expropriation definition, to take possession of, especially for public use by the right of eminent domain, thus divesting the title of the private owner. A state is not responsible for economic distress resulting from bona fide general taxation, so long as it is nondiscriminatory and not designed to. It may also be used as a penalty for criminal proceedings. The expropriation on imdb this article related to a chilean film is a stub.
The term formerly applied to any compulsory deprivation of property, particularly by a public agency, but now pertains primarily to government takings where compensation is rendered, as in exercising the right of eminent domain. Expropriation definition is the act of expropriating or the state of being expropriated. In new york in 1812, the death rate was estimated to be higher. Expropriation 1 in law, the forced alienation of property, with or without compensation, by the government. To analyze the effects of expropriation risk in the investment decisions of a firm, we set the base case parameters so that the government offers a fixed compensation in the case of expropriation that is equal to half the fair value of the business at the initial cash flow level, k v 0. The taking of private property for public use or in the public interest. Expropriation financial definition of expropriation. Expropriation article about expropriation by the free. Investors may bring expropriation claims with respect to any conduct that is attributable to the host state and in which the latter engaged in its sovereign capacity.
Expropriation is mainly exercised when certain things need to be constructed that truly do benefit the general population, such as the above mentioned railroads, highways, airports, and public utilities. Expropriations in venezuela full speed ahead americas. Expropriation is the act of a government taking private property. Expropriation is a legally regulated seizure or restriction of ownership of real estate for compensation in accordance with the market value of the real estate. Market value is defined in the legislation as the amount the land might be expected to realize if sold in the. Expropriation of minority in nine east asian countries, shareholders higher cashflow rights al e associated with a higher market valuation and higuerevidence from east asia control rights with a sower valuation, especially whern cashflow rights are low and stijn claessens control rights are high. Expropriation is the seizure of private property by a public agency for a purpose deemed to be in the public interest.
Unlike eminent domain, expropriation may also refer to the taking of private property by a private entity authorized by a government to take property in certain situations. Expropriation definition, examples, cases, processes. Definition of expropriate written for english language learners from the merriamwebster learners dictionary with audio pronunciations, usage examples, and countnoncount noun labels. Expropriations financial definition of expropriations. Expropriators definition of expropriators by the free. The starting point for computing compensation under the alberta expropriation act is the market value of the land. To expropriate more generally was to dispossess a person of ownership or right to a property. Sense of a taking of someones property, especially for public use, is from. The article, by presenting an ongoing research project, economic re muneration for diminished working capacity, discusses work, sickness and ideology and attempts to introduce theory and method. These organs may delegate woreda or city administrations to decide on. Both real property for example, land used for railroads or unpaved roads and movable property such as precious metals may be expropriated.
Expropriation is the forced taking of land for a public purpose. Expropriation is the act of a government in taking privately owned property, ostensibly to be used for purposes designed to benefit the overall public. Two experts have taken up the task of finding out what the truth of the matter is. Projects such as highway construction, sewage plants, pipelines, schools and industrial parks all require the acquisition of private lands to move forward. The soul of man then is capable of a state of much peace and equanimity, in the exterior bands and agitations. Expropriation can be carried out for the needs of the state, municipality, state funds and public companies, unless otherwise determined by law. Expropriation occurs when a public agency for example, the provincial. Expropriations definition of expropriations by the free. The proclamation provides for the following principles of expropriation of land, which guide the decisions of and procedures for expropriating of land for public purpose. In the expropriation procedure, easement for the benefit of citizens can be created, if envisaged so by law, in order. Expropriation the official seizure by a government of private property.
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