Amount of indemnification



If the restoration is impossible because of factual or legal reasons, the aggrieved party has an entitlement to compensations. Nazi-persecuted parties who lost business assets or immovable properties in the former GDR, get basically an amount of the fourfold of the last ascertained assessed tax value before damnification. Chargeable compensations must be deducted from this amount (in Deutsche Mark).

Then this amount will be converted in Euro plus 6% interest p.a. since 01.01.2004. If the business assets are not certifiable anymore, there are different methods, e.g. deemed balancing of accounts. Our law office is pretty well experienced in calculating the correct indemnification. In particular, it is worth to check currently enacted notifications.



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