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Some Aspects on the Deprivation of Property in European Union Law

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  • Camelia-Lilieana Gheorghiu

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).

Suggested Citation

  • Camelia-Lilieana Gheorghiu, 2015. "Some Aspects on the Deprivation of Property in European Union Law," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(9), pages 310-315, September.
    • Handle: RePEc:hur:ijarbs:v:5:y:2015:i:9:p:310-315
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