expropriation :

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expropriation

eksproh pree ay shuhn

  • n  taking out of an owner's hands (especially taking property by public authority)

  • Unless compelled by the hostility of sabotage, we prefer control to expropriation.
  • In 1994 Constantine sued when the socialist government passed a law ratifying the military junta's expropriation of three family estates in Greece and stripping him of his .
  • Regulations do exist governing expropriation, but they are often not followed.
News & Articles

  • Repsol board to study YPF offer - source
    MADRID (Reuters) - Spanish oil major Repsol's (REP.MC) board will this week study a non-cash compensation offer from Argentina over the expropriation of its majority stake in energy firm YPF (YPFD.BA), ...
    June 24, 2013 - Reuters via Yahoo! Finance
  • Repsol board to study YPF compensation offer - source
    MADRID (Reuters) - Spanish oil major Repsol's (REP.MC) board will study a non-cash compensation offer from Argentina on Wednesday over the expropriation of its majority stake in energy firm YPF (YPFD.BA), ...
    June 24, 2013 - Reuters via Yahoo! Finance
Quotes

  • Mathews Phosa in The Times
    ANC Treasurer General Mathews Phosa told a poverty conference in Pretoria: "As you know we thought deeply about the Expropriation Bill and we, after serious considerations, felt that it would not be the correct instrument to speed up the acquisition...
  • Mark Regev in Reuters India
    Israel will continue to honour our commitments. There will be no new settlements, there will be no expansion of existing settlements and there will be no expropriation of land for settlement construction,Regev said.
  • Rafael Ramirez in Reuters
    At midnight we are going to take operational control of Cemex's installations and from that moment the expropriation decree takes effect,said Energy Minister Rafael Ramirez, who oversaw the takeover process.

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