Takings Clause Analysis on the Fishery Closure case in Palmyra Atoll.pdfVIP

TakingsClauseAnalysisontheFishery C1oslJrecaseinPalmyraAtoll TakingsClauseAnalysisontheFishery ClosurecaseinPalmyraAtoll OwenTang Abstract：Commercialfisheryrequiresheavy financialinvestm nt’and stakehoIders’benefitscan benegatively affected by subsequent governm。nt regulationsonclosureofcommercialfishery．In2001，theDepartmentofInte- riorissuedregulation 。n closureofcommercialfisheryin PalmyraAtolland theinvestorsued thefederalgovernmentbasedon Fifth AmendmentTaking ClauseundertheUS Constitution．TheInteriorDepartmentwon