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ARTICLE · 20 JULY 2009

Expropriation - Who Pays The Real Price?

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Within international standards of best practise there is broad acceptance that the public interest is only safely served in the building of a country's physical infrastructure, such as roads, ports, waterways, airports, hospitals and schools.

Antigua and BarbudaWealth Management
Ian Moncrief-Scott
Ian Moncrief-Scott
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Is Expropriation Ever In The Public Interest?

Within international standards of best practise there is broad acceptance that the public interest is only safely served in the building of a country's physical infrastructure, such as roads, ports, waterways, airports, hospitals and schools.

In recent years this declaration of public purpose has been stretched to the removal of "blight" and strategic urban regeneration. However, in most cases, a detailed plan must be approved and a robust developer identified as capable of delivery, before a government begins its forced acquisition of private property.

Usually, there is considerable public scrutiny and wide consultation within a formal framework of checks and balances demanded by good governance.

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