Some Aspects on the Deprivation of Property in European Union Law

Camelia-Lilieana Gheorghiu

International Journal of Academic Research in Business and Social Sciences, 2015, vol. 5, issue 9, 310-315

Abstract: In the framework of European Union law, the right to property is one of the general principles of EU law and is enshrined in Article 17 of the Charter of Fundamental Rights of the European Union. However, the right to property does not enjoy absolute protection, but must be viewed in relation to its function in society. Consequently, the exercise of this right may be restricted, according to the objectives of general interest pursued by the Union, going as far as the deprivation of this right. The deprivation of property must only be done "in the public interest and in the cases and under the conditions provided for by law, subject to fair compensation being paid in good time for their loss."(Article 17 of the Charter).

Keywords: The right to property; European Union law; objectives of public interest; restrictions on the right of property; possessions; deprivation of property (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijarbs:v:5:y:2015:i:9:p:310-315

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