German law provides that private property can be expropriated for public purposes only in a non-
discriminatory manner and in accordance with established principles of constitutional and
international law. There is due process and transparency of purpose, and investors and lenders to
expropriated entities receive prompt, adequate and effective compensation.
There have not been expropriatory actions in the last five years and none are expected for the
near future. Remaining expropriation cases date back to the Nazi and communist regimes.
During the financial crisis, the parliament adopted a law allowing an emergency expropriation if
the bankruptcy of a bank had endangered the entire financial system, but the measure expired
without having been used.