Friday, May 29, 2009

Expropriation law is being drafted

According to the Cambodia Daily's article today, "the Cambodia is drafting an expropriation law that would allow authorities to confiscate private property if it is deemed to be in the public interest".

This is the good news for the Country since many public infrastructures have been planned and will be developped although the Government should make sure that the confiscation of the properties must be properly conducted with the fair compensation to the evicted properties'owners.

The draft states that the expropriation involves building large roads, railways, electricity systems or gas pipelines.

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Real Estate Development in Cambodia

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