Event: Absentees' Property (Compensation) Law, 5733-1973
This law provides for the compensation of property confiscated under the Absentee Property Law of 1950. Intended for persons residing in Israel on the date of its coming into force, the legislation excludes the vast majority of Palestinian refugees but purposely includes Palestinian residents of annexed East Jerusalem, as a means to justify the concomitant endeavor to reclaim property that had been owned by Jews in the eastern part of the city before 1948. At the same time, the law abrogates the right hitherto offered by the Absentee Property Law to claim the release of the property from the Custodian of Enemy Property. The methods set forth in the law to determine the amount of compensation closely resemble those developed a decade earlier by the United Nations Conciliation Commission for Palestine to valuate Palestinian refugee property. Despite the adoption of several amendments over subsequent years, very few deprived owners resorted to the law to claim compensation.