|
The law of Compulsory
Purchase and Compensation has been brought into
sharp focus by major public schemes in the past
two decades. These have included the Channel Rail
Link, the Millennium Dome and most recently, the
site for the 2012 Olympic Games. Over 3,000 interests
in land are being compulsory purchased by the
Olympic Delivery Authority and over 500 lawyers
and surveyors are involved in the negotiation
of claims.
Compulsory powers are now being
used extensively by governmental and quasi-governmental
bodies to facilitate the release of brownfield
sites for development, and to provide the infrastructure
for new development areas.
The statutory rules for the
assessment of compensation are the subject of
a vast body of litigation. Valuation practice
is constantly moving forward on this tide of ongoing
case law and it is therefore essential that specialist
valuation advice is obtained.
Claimants and acquiring authorities
alike need to make proper preparations in advance
of compulsory powers being exercised or contested.
For claimants, the law provides that their professional
charges will be covered by the acquiring authority
and most bodies exercising compulsory powers will
now recognice that claimants will need to instruct
specialist valuers - rather than using a local
general practitioner.
Underwoods
has been dealing with Compulsory Purchase Compensation
claims for Central and Local Government client's
- as well as private clients - for over 30 years
and is a founder member of the Compulsory Purchase
Association.
So whether you are a Local
Authority considering the exercise of compulsory
powers or a potential claimant fearing their exercise,
we would encourage you to contact Underwoods
at the earliest possible instance.
Return
to Professional Services
|