Following its publication on the website of the Ministry of Finance and Prices (MFP), the Cuban population may now consult the draft bill of the Expropriation Law for reasons of public utility or social interest.

The e-mail address consultas.patrimonio@mfp.gob.cu was enabled to promote the drafting and approval of this legislation, based on the criteria not only of experts and deputies, but also of the citizens in the exercise of their participation rights.

The proposal regulates expropriation for reasons of public utility or social interest as a means of action of the State for the satisfaction of general interests, as a form of acquisition of property and rights for the State patrimony.

It also designates the competent subjects to make the declaration of public utility or social interest, as well as the bases and the procedure to determine them.

It supports the rules established in Law 118, On Foreign Investment, of March 29, 2014, on expropriation in that area, and strengthens the legal guarantees for foreign investors.

According to the MFP website, this legislative initiative strengthens - at a level unprecedented in Cuban law - the legal environment of procedural and patrimonial guarantees for those subject to compulsory expropriation.

In addition, it complies with the direct mandate provided in Article 58, paragraphs two and three, of the Constitution, which authorizes the expropriation of property, only in response to reasons of public utility or social interest and with due compensation, and dictates that the law establishes the bases for determining its utility and necessity, the guarantees due, the procedure for expropriation and the form of compensation.

Source: Granma: Granma