Topics: Successor Organization
Asset Recovery and Pending Claims
Compensation/Sales The Successor Organization generated revenue of approximately €8.9 million from sales and compensation in 2020. Furthermore, the CC received rental income prior to the sale of properties of approximately €86,500. Expenses relating to the maintenance of property pending sale were approximately €71,200. As of the end of 2020, the CC had filed 124,891 claims […]
Process
Realization of Income The major forms of recovery of the Successor Organization are as follows: (a) SalesIncome from restituted property is realized through the sale of properties. Guidelines approved by the Board of Directors are in place governing the sales of property (including the requirement of an independent appraisal by a licensed appraiser for any […]
