Decision no. 481a/2009

In its decision no. 481/2008 of 8 September 2008, the Arbitration Panel for In Rem Restitution granted the restitution claim to a property belonging to the City of Vienna in Donaustadt. The property had had to be sold by its Jewish owners in the course of the National Socialist assumption of power and was never the object of restitution proceedings after 1945. As the property was seized in the National Socialist era, then pursuant to the GSF Law, the restitution of the property would be to be recommended. As the property today is a public traffic thoroughfare, the Arbitration Panel considered a restitution impracticable and after consultation with the City of Vienna, awarded a comparable asset. In order to determine the current market value of the part of the property, a valuation report, drawn up by an independent expert, was obtained. On the basis of this report, the Arbitration Panel recommended the current Vienna Municipal Councillor for Finance Administration to award the applicant 106,000 Euro.