RESTITUTION
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Elliott, One Of The Major Beneficiaries Of Property Restitution Process In Romania
US hedge fund Elliott Associates, the largest shareholder of Fondul Proprietatea (FP.RO) with an over 19% stake, bought into the fund as early as 2009-2010. At the time Fondul Proprietatea had not gone public yet and the shares were available at really low pri...
Formerly Nationalized Bucharest Ambasador Hotel Returned To Owner’s Heirs
The land and building of the Ambasador hotel in Bucharest have been returned in kind to the heirs of its former owner, architect Arghir Culina, after ten years of litigation.
Ponta Asks Lawmakers For Confidence Vote On Property Restitution Bill
Romanian Prime Minister Victor Ponta is presenting lawmakers with the government’s new property restitution bill, seeking a confidence vote for it to be adopted bypassing lengthy parliamenta...
Property Restitution In Romania Fueled Real Estate Mafia Instead Of Making Historical Reparations
Romania’s Government considers the restitution of property nationalized under the communist regime has degenerated into a major real estate deal from the historical reparation it was suppose...
Government To Seek Confidence Vote On Property Restitution Bill Wednesday
Romania’s Government will seek a confidence vote in Parliament next Wednesday on a new bill regulating the restitution of property nationalized by the former communist regime.
Stake Of New Property Restitution Law: EUR11B Worth Of Land And Forests
Land owned by research institutes and half of Romania’s forests worth about EUR11 billion euros together are the huge stake of the new property restitution law.
State Made To Pay For Fondul Proprietatea's Failure
The Romanian state is forced by a Bucharest court of law to make cash payments to a former owner because he can only sell at a loss the shares received in investment fund Fondul Proprietatea...
The Saga Of Property Restitutions Goes On: 145,000 Claims Left Out Of FP
The Romanian government has to solve around 145,000 claims for compensation submitted by people stripped of their properties by the communist regime, after in the past twenty years the state...
Former DIICOT Prosecutor Appointed To Run Property Restitution Authority
Dorina Danielescu, a former chief-prosecutor with DIICOT (Directorate for the Investigation of Organized Crime and Terrorism), is the new president of the National Property Restitution Autho...