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English to French translations [Non-PRO] Bus/Financial
English term or phrase:regulatory takings
chapter 11 of NAFTA which allows a corporation to sue a government contains a particularly disturbing "regulatory takings" clause. Under this "takings" clause, intangible property, such as a corporation's potential future profits, is considered private property. Any law or regulation imposed to protect the public interest is considered "taking" that company's potential to make a profit