Global Holdings,Inc. owns property in Kazakhstan. The Kazakhstan government seizes the property. In order for the seizure to be considered an expropriation and not a confiscation,the Kazakhstan government must

Question

Quizplus · Accepted Answer

In order for a seizure to be considered an expropriation, it must involve the government taking ownership or control of private property, either partially or fully, for a public purpose. However, unlike a confiscation, an expropriation requires that the government pays prompt, adequate and effective compensation to the owner of the property. Therefore, in this case, the Kazakhstan government would need to pay just compensation to Global Holdings in order for the seizure to be considered an expropriation. The other choices are not relevant to the definition of expropriation.