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Section 35, The National Investment Board Act, 2022

Status not yet checkedThe National Investment Board Act, 2022, Sierra Leone

(1) An Investor's interest or right over any property orundertaking forming part of his enterprise, shall not be compulsorily acquired except in accordance with the Constitution . (2) Where an Investor's interest or right over any property or undertaking forming part of his enterprise is compulsorily acquired the following provisions shall apply- (a) prompt payment of fair and adequate compensation shall be made prior to the compulsory acquisition of the property; (b) the compensation paid to the investor shall be transferable out of Sierra Leone but shall be subject to any exchange control restrictions under the Bank of Sierra Leone Act; and (c) a person who has a right or interest over the property has a right to take legal action in any court of law in respect of any matter arising out of the compulsory acquisition of the property; (3) This section shall not be deemed to exempt an Investor from any other law.

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