Understanding the property within the eu private law
The author of the article studies the concept of “property” in the understanding of the European Court of Human Rights and the establishment of such understanding’s limits in the domestic systems of continental law. Generalization of theoretical approaches in regard to the definition of property, analysis and comparison of the results of its interpretation by national courts and the European Court of Human Rights has made it possible to conclude that the concept of property within the Art. 1 of Protocol 1 to the Convention for the Protection of Human Rights and Fundamental Freedoms largely coincides with its general understanding within the system of legal knowledge of certain countries of the Romano-Germanic law system. It covers: things, as well as property rights and obligations. While defining the application limits of this concept, it has been established that the word “ownership” used in the Art. 1 of Protocol 1 to the Convention to denote economic value as synonymous with the concept of property. Therefore, ownership is any economic benefits (assets), objects of both tangible and intangible world, which are in the state of appropriation by an individual or legal entity. Moreover, the state of appropriation can be consolidated not only by means of property rights,
but by other rights (real and obligatory, absolute and relative, etc.).
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