At the end of the last year, Law 284/2023 came into force regarding the measures for the completion of the process of restitution, in kind or by equivalent, of the properties wrongfully taken over during the communist regime in Romania.
✅ What's new in the law?
The law complements the provisions of 2013, focusing on restitution of property in kind and, where this is not possible, compensation in the form of points.
In practice, the valuation of a property for which compensation is awarded is expressed in points and is made by applying the notarial scale valid for the year preceding the decision issued by the National Commission, taking into account the technical characteristics of the property and the category of use at the time of its acquisition.
Individuals with final judgments on property rights, who have not submitted claims under Law 10/2001, may now apply for compensation, without the possibility of restitution in kind.
🔍 Specific conditions
Claims for compensation require final court decisions recognising ownership and entitlement.
⏩ What next?
The new law also stipulates that claims by persons in favour of whom the courts have ruled, by irrevocable/final judgments, on the existence and extent of the right and on the status of the person entitled to compensation shall be settled with priority.
When is the deadline?
Eligible persons may submit applications, accompanied by final/irrevocable court decisions, to the National Authority for Property Restitution by 26.04.2024.