Hyde Park’s Two Turns in the Takings Clause Spotlight

2021 ◽  
Vol 50 (S2) ◽  
pp. S71-S89
Author(s):  
Lior Jacob Strahilevitz
Keyword(s):  
Author(s):  
Michael Schillig

The exercise of extensive powers by authorities during the recovery and resolution process may interfere with constitutionally protected fundamental rights of stakeholder in a multitude of ways. Particularly relevant are the right to conduct a business and the right to property under the EU Charter of fundamental rights, as well as the takings clause under the US constitution. A balance needs to be struck between the aims and objectives of bank resolution and the rights of investors and the requirements of due process. This is normally achieved through expedited and limited judicial review. This chapter assesses whether and to what extent the respective procedures are in line with constitutional and fundamental rights requirements.


2015 ◽  
Vol 2 (2) ◽  
pp. 287-300
Author(s):  
Christopher Serkin

Gerhart’s book makes real contributions and nicely incorporates doctrinal payoffs. It sells short, however, the distributional concerns embedded in core property doctrines and so does not entirely account for the extent to which positive law can and does diverge from social recognition. It therefore admits constitutional protection for property that is too parsimonious, and that also does not embrace the full complexity of the relationship between property and the State. This short response argues that positive property rights—especially in a modern regulatory state—are inherently redistributive. When the State has a choice between different regulatory strategies for achieving public goals, constitutional limits like the Takings Clause should not rely on formal categories but must instead account explicitly for distributive concerns. At the end of the day, the State is an active, not passive, player in the definition of property rights, a role that comes with both constitutional limitations and requirements.


2019 ◽  
pp. 119-179
Author(s):  
Ralph A. Rossum ◽  
G. Alan Tarr ◽  
Vincent Phillip Muñoz
Keyword(s):  

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