It is still unsure when the act on reprivatisation will take effect, although according to Polish ministers' opinions, it has already been drafted. Nevertheless, according to the government, there is still a shortage of funds required to realize the act's provisions, so the owners of seized assets will probably be forced to wait until 2012. We would like to remind you that the act shall guarantee an easier method of claim assertion - at present it is possible only through legal action at court.

Retrieval of property rights, which is of a restitutional nature, is not identical to acquisition of ownership. The difference significantly affects legal and assets position of former owners. They are authorised to sell their real estate immediately and shall not be subject to income tax charges arising therefrom.

PROPERTY RESTITUTION IN POLAND

CK and Partners Law Office provides a comprehensive legal service in the field of debt recovery and restitution of real estate properties in Poland. We represent clients in asserting the recovery of properties from owners holding the properties, also in terms of the rights of owners whose property was seized or reduced according to the rules of law concerning nationalization, through the ‘’Warsaw decree’’, or by means of expropriation.

Repossession/restitution procedure

We establish the legal status of a given property, estimate the value of the property and the likelihood of property rights restitution to their legitimate owners. We carry out inheritance proceedings and help to choose the best method to satisfy claims. We provide assistance in any further actions, such as the property sale or renting, also with regard to the most profitable solutions in terms of taxation. We assist in negotiations between investors and former owners intending to vindicate claims from the State Treasury.