Despite the fact that land is intrinsically fixed in space, a new transnational market for land is born. Indeed, data from the Land Matrix suggests that in the last 16 years 77.5 million hectares of land – a surface slightly smaller than the entire Mozambique – have been transferred to international investors or are currently under negotiation. More than 140 countries are involved in this international market for land either as investor country, or as target country, or both.
The Rethinking Expropriation Law initiative hosted a Conference on Compensation for Expropriation in Cape Town, South Africa on December 7-9, 2016. The final session of the Conference took place on December 9 and aimed at discussing the development of a protocol on fair compensation.
For the final session in Cape Town, scholars, judges, activists, and government officials from around the world sat together to provide input on what guidance and principles should be included in the protocol on fair compensation.