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Restuitution of Jewish Assets in Israel – the Assets Law – Assets of Holocaust Survivors
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Before the Second World War, Jews from Eastern and Central Europe entertained a growing desire to fulfill the Zionist Dream and leave their mark on the Land of Israel. As a result, many invested money in Israeli banks, purchased houses and real estate, and other assets in the Land of Israel for ideological reasons. Some even saw in this a preparation for future Aliyah to Israel.
Unfortunately, many found their death under the Nazi regime, and their Israeli assets remained unclaimed.
At the start of the year 2000, the Knesset, Israel's parliament, established a parliamentary investigative committee to identify the assets of Holocaust victims located in Israel and reinstate them with their legal heirs. The committee, headed by MK Collette Avital, investigated the scope of assets located in Israel that had not been returned to their legal owners.
These assets include dormant bank accounts administered by Israeli banks, shares, safe contents and real estate assets held by various institutional agencies - both private and public.
As a result of the investigative committee's final report, the Law for Holocaust Victims' Assets was legislated in 2006, resulting in the establishment of the Company for Location and Restitution of Holocaust Victims' Assets whose declared task is to do justice with the owners of assets killed in the Holocaust and the return of their assets to their legal heirs.
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The Assets Law
The Assets Law stipulates that the primary task of the Company is the identification of Holocaust victims' assets that are located in Israel and the location of legal heirs in order to unite the two. The law also determines that assets whose owners cannot be found will be transferred for aid to Holocaust survivors in need, as well as for education,and commemoration projects related to the Holocaust and its victims.
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 To view the Law - click here
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| To view additional reports and legislation (in Hebrew ) regarding the restitution of Holocaust victims' assets, click on the relevant link: |
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Inheritance Amendments - amendments used by the Company in its day-to-day activities related to restitution..
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| The Committee Report on r evaluation & Interest - a report published in accordance with the Law, related to the evaluation of assets and the linkage and interest applied for the purpose of realistic appraisal of an asset's value. |
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Order Regarding Maximum Attorney Fees - an order that determines maximum fees for professional lawyers services required for dealing with requests, according to the Property Law.
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Freedom of Information Act - Determining a Public Authority - In August 2007, the Minister of Justice determined that the Company for Location and Restitution of Holocaust Victims' Assets is a public authority, in accordance with the Freedom of Information Act, 5758-1998, excepting information on Holocaust victims' assets published by the Company.
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To locate relatives in the list of assets owners - click here
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