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)
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
