Decree-Law No. 199/88, 31 May 1988.
This Decree-Law establishes criteria for the determination of final compensation for expropriation or nationalization of land or agricultural capital.  The lack of legal definition of criteria for the determination of such final compensation was a gap in recent Portuguese legislation on land reform.  Although the holdings of many landlords and farmers had been nationalized or expropriated after 11 March 1975, the compensation obtained prior to the enactment of this Decree-Law was provisional and reflected outdated values.  This Decree-Law closes this gap by establishing the criteria for the determination of final compensation with adjusted value.  Under it, any farmer whose land or capital has been nationalized or expropriated since March 1975 may apply for final compensation, from which shall be deducted the value of any provisional compensation previously obtained and any property previously devolved as a "right of reserve" pursuant to pertinent legislation (see Law No. 109/88 of 26 September 1988 and Decree No. 44/88 of 14 December 1988).  The final compensation shall be determined by administrative procedure in which the Ministry of Agriculture, Fisheries, and Food; the Ministry of Finance; and the applicant are represented.
D019049:Developed Countries; D004467:Economics; D005060:Europe; D005376:Financial Management; D005380:Financing, Government; D007878:Legislation as Topic; D011174:Portugal; D012939:Social Planning
Agrarian Reform--legal aspects; Developed Countries; Economic Factors; Europe; Financial Activities; Financing, Government--legal aspects; Legislation; Portugal; Rural Development; Southern Europe