Tuesday 19 January 2021

Costa Rica Expropriation Law Comes Into Effect

The current road to Monteverde is a nightmare for area residents and tourists. Photo for illustrative purposes.

 

QCOSTARICA – The law reform which reduces the deadlines for the State to take possession of the goods necessary for the execution of public works has been published in the official newspaper La Gaceta.

- Advertisement -

After being passed by the Legislative Assembly last October, the Reformed Expropriation Act was finally published in the official newspaper La Gaceta and takes effect from Wednesday (Feb. 4, 2015). One of the reformed items states that the Government need not conduct a judicial proceeding in order to expropriate a good, but will do so administratively.

With regard to the payment of the expropriated property, Article 45 states that “… the fair value will be paid in cash, unless the expropriated party accepts securities. In this case, the titles will be taken at their real value, to be certified by the National Stock Exchange, through its agents or, alternatively, by an official broker.”

In the event that the State temporarily occupies land, Article 52 states that “… When the Public Administration needs to temporarily occupy the property of an individual, it must issue a reasoned decision to declare public need of that occupation. This decision must be reasoned in the appropriate form. The term must not exceed five years and appropriate compensation must be expressly indicated. Also, notification must be given to those affected by the occupation. ”

 

- Advertisement -

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Covid-19: Private labs will test anyone who travels to countries that require testing

QCOSTARICA - The Minister of Tourism, Gustavo Seguro, announced this Tuesday...

“Chepito”, at 120, Costa Rica’s oldest gets vaccinated

QCOSTARICA - José Uriel de los Ángeles Delgado Corrales, known affectionately...

MOST READ

Puerto Viejo, Limon

Puerto Viejo de Talamanca, Limón, Costa Rica Photo by Silivan Munguarakarama via Unsplash.

Political pressure grows for medical marijuana and hemp

QCOSTARICA -A group of legislators is pressuring the government to take advantage of the current period of extraordinary sessions to process the legislation that...

“Chepito”, at 120, Costa Rica’s oldest gets vaccinated

QCOSTARICA - José Uriel de los Ángeles Delgado Corrales, known affectionately as "Chepito", at 120 and the oldest Costa Rican, received the first dose...

WHO rules out covid-19 herd immunity in 2021

(VOA) The World Health Organization (WHO) is warning that mass vaccinations against the novel coronavirus will not produce herd immunity this year. WHO chief scientist...

‘I was unconscious’: Cyclist tells of his stunt flying off the roof of an ice cream parlor in Jacó

QCOSTARICA - A young man survived after jumping on his bicycle from the roof of an ice cream parlor and suffering a severe blow...

U.S. to require pre-flight Covid tests for all international travelers

QCOSTARICA - All travelers to the United States will be required to show proof of a negative COVID-19 test before boarding their flight. The U.S....

Health evaluates asking for negative PCR test again to enter the country

QCOSTARICA - The Health Surveillance Directorate of the Ministry of Health is evaluating the possibility of again requiring a negative PCR covid-19 test to...

Costa Rica’s Buzzy Nicoya Peninsula Is a Natural Haven for Creatives

Condé Nast Traveler - In August 2020, in the middle of lockdown, Costa Rica announced its 30th national park. The former prison island of...

JetBlue newest plane with fewer rows of three seats

Q TRAVEL - JetBlue, the New York-based carrier, known for making flying in economy actually enjoyable, again, took a step forward in aviation with...

Want to stay up to date with the latest?

We would love to hear from you! Please fill in your details and get updates daily in your mailbox. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.