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Source: BUS Sachsen-Anhalt (Linie6PLus)

Assets transferred back

Description

The principle of property law is that assets must be returned to the former owners or their heirs. However, this principle of restitution is broken in favor of bona fide purchasers of property or rights of use in rem (for example in the so-called "house builder" cases) as well as in those cases in which restitution is excluded for factual or legal reasons.

If restitution is not possible, the former owner is entitled to compensation. In principle, he could also opt for compensation instead of restitution. Details, in particular the amount of compensation, are regulated in the Compensation Act and for victims of Nazi persecution in the Nazi Persecutee Compensation Act.

Responsibility lies with the State Office for the Settlement of Unresolved Property Issues at the State Office of Administration.

The text was automatically translated based on the German content.

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