May, Thomas, Cairns and Frogmore v. Reserve Bank of Zimbabwe

Abstract

Expropriation — Compensation — Compulsory expropriation of South African securities — Calculation of compensation — Compensation based on share price on Johannesburg Stock Exchange — Conversion into Zimbabwean currency — Whether to include compensation for premium payable on transfer of external securities within Zimbabwe

Human rights — Right to property — Right not to be deprived of one's property without adequate compensation — Compulsory acquisition of foreign securities — Premium payable on purchase in Zimbabwe not taken into account — Whether amounting to deprivation of property without adequate compensation — The law of Zimbabwe