The Act determines the bases and procedure for valuation of unlawfully expropriated property being the object of ownership reform and the method and extent of compensation thereof. The bases and procedure for valuation of unlawfully expropriated land and the natural objects attached thereto and collectivised property, and the method and extent of compensation thereof must be determined by separate Acts. The value of property at the time of expropriation must be determined in case of compensation for property if property is not subject to return according to subsection 12 (3) of the Republic of Estonia Principles of Ownership Reform Act; property has been destroyed; on the basis of subsection 12 (2) of the Republic of Estonia Principles of Ownership Reform Act, a person to whom the property is returned must pay compensation to other entitled subjects and an agreement specified in subsection 11 (1) of this Act has not been reached with regard to the size, method and procedure of payment and other conditions of the compensation; and property consists of stocks or share certificates. According to the Act, the value of property at the time of expropriation can be supported by documents issued not earlier than three years and not later than six months as of the moment of unlawful expropriation. In case of several documents issued within the given term, the document issued closest to the moment of unlawful expropriation of property shall be preferred in case of other equal circumstances.
Authors and Publishers
The Government of the Republic of Estonia is the cabinet of Estonia. Under the Constitution, it is officially defined as Estonia's executive authority, and exercises executive power pursuant to the Constitution and laws of Estonia.