The concept of “distinct” or “reasonable” investment-backed expectations is a crucial element in the analysis of regulatory takings under the Fifth Amendment of the U.S. Constitution. A regulatory taking occurs when a government regulation limits the use of private property to such an extent that it effectively deprives the owner of its economic value orContinueContinue reading “The Concept of “Distinct” or “Reasonable” Investment-Backed Expectations in Regulatory Takings Law.”
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