Out to steal property

Photo: Flickr / Thor Edvardsen.

15 August 2019 12:48

Out to steal property

Petter Bjerksund and Guttorm Schjelderup: When the government expropriates property, the compensation has to reflect the real loss. A trial to be held in Borgarting lagmannsrett this week should establish this principle.

When the government expropriates property, the compensation has to reflect the real loss. A trial to be held in Borgarting lagmannsrett this week should establish this principle.

If courts depart from the standard interest of 4 percent real rate of return, the capitalisation interest should, in our opinion, be lower, and not higher, as the Supreme Court seems to mean, Petter Bjerksund and Guttorm Schjelderup write.

Their chronicle Ut og stjæle eiendom (in Norwegian) was published in Dagens Næringsliv on August 12, 2019.