Expropriation

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Expropriation

 

(1) In law, the forced alienation of property, with or without compensation, by the government. Both real property (for example, land used for railroads or unpaved roads) and movable property (such as precious metals) may be expropriated. Depending on whether or not compensation is paid, expropriation may take the form of requisition or confiscation.

(2) The removal by one social class of another class’s property and social status. Within a class, the term “expropriation” is applied to the removal by one stratum of another stratum’s property and status—for example, a legislative act secularizing church lands. Immediately after the victory of the Great October Socialist Revolution of 1917, the Soviet government expropriated substantial portions of the property of the former exploiting classes.

References in periodicals archive ?
It is instead viewed as a benevolent policymaker that will not engage in expropriations that are socially inefficient.
The promise of compensation for expropriations alleviates the risk.
Against this background, the proposed ASEAN-US FTA should craft its expropriation language to advance the doctrine, as set forth in Section V.
119) International expropriation law closely tracks the protection afforded to U.
On March 14, 2008, the government announced the expropriation of Lácteos Los Andes, one of the major producers and distributors of milk and milk products.
Next came the expropriation of two sugar refineries, and in January 2010 it was the turn of supermarket chain Éxito--owned by the French company Casino--which since 2004 had been sanctioned several times for "hoarding basic foodstuffs" and for "price gouging," said the government communiqué when it made the takeover.
Article 1110 grants investors the right to compensation for expropriations executed by the NAFTA countries.
The first part of the book introduces the basic legislative and judicial framework of Israel's expropriation regime, starting with a discussion of the Israeli tenure system of land ownership.
A simple two-period political economy model is presented in which groups with access to an expropriation technology alternate in power according to an exogenous probability.
In late March the limo of the Attorney-general was seized by bailiffs on the strength of a court order that ruled in favour of a private citizen whose land, around 10,000 square metres, had been initially expropriated -- but never paid for -- by the government, which then decided it did not need it and revoked the expropriation.
By far, most expropriations have happy, or at least satisfactory, resolutions on both sides when they are negotiated in good faith in the shadow of the legislative framework.
reasoning and policies behind Latin American expropriations and their