Order No. 10/2008/L-CTN on the promulgation of the Law on Compulsory Purchase and Requisition of Property.
Country
Type of law
Legislation
Abstract
This Law provides for the compulsory purchase and requisition of property which may be conducted only in case of real necessity for defence or security reasons and national interests.
The Law provides for: property subject to compulsory purchase or subject to requisition; rights and responsibilities of state agencies in compulsory purchase and requisition of property; rights and obligations of persons whose property is compulsorily purchased or requisitioned; contents of decisions on compulsory purchase or requisition of property; etc.
Persons whose property is compulsorily purchased will be paid sums of money for the purchase of their property while persons whose property is requisitioned and who suffer property damage caused by the requisition will be paid compensations calculated according to market prices.
The Law provides for: property subject to compulsory purchase or subject to requisition; rights and responsibilities of state agencies in compulsory purchase and requisition of property; rights and obligations of persons whose property is compulsorily purchased or requisitioned; contents of decisions on compulsory purchase or requisition of property; etc.
Persons whose property is compulsorily purchased will be paid sums of money for the purchase of their property while persons whose property is requisitioned and who suffer property damage caused by the requisition will be paid compensations calculated according to market prices.
Attached files
Date of text
Entry into force notes
This Law enters into force on 1 January 2009.
Repealed
No
Serial Imprint
Công Báo Nos. 521-522, 18 September 2008, pp. 6-20.
Source language
English
Legislation Amendment
No