Taking of private property by the state for public use, with fair compensation to the owner, through the exercise of the right of eminent domain
When the State acquires private property in the public interest against payment of compensation The main aspect taken into account is the market value of the land Ownership passes to the State on the date of expropriation
Involuntary transfer of property, with compensation, from a privately owned firm to a host country government
The government's act of taking title to property owned by a private party without that party's consent under the authority of a law or statute, while paying compensation to the former owner
The taking of private property by an entity such as a government See eminent domain
the taking of property into public ownership without compensation, such as the property of foreign investors or foreign industry in a nation
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
Seizure by a government of foreign-owned assets Such seizure is not contrary to international law if it is followed by prompt, adequate, and effective compensation If not, it is called confiscation
This is where the local authority needs a portion or the entire property for its use The bank would require a letter from the customer and the local authority, and an assessment has to be done on the remaining security
the compulsory depriving of an owner of property in return for compensation Back to top