Parliament Passes Law on Management of Confiscated Property

On Wednesday, Parliament passed the Law on Management of Confiscated Property, Property Gain, and Seized Objects in Criminal and Misdemeanour Proceedings.

The goal is to enable a swift and efficient procedure that will see property confiscated through an effective court decision successfully sold and a recovery of the criminally-acquired assets and property.

As the Justice Ministry said on Wednesday, the new Law overcomes determined problems by introducing mechanisms according to international standards for action in that area.