LEGAL REGULATIONS OF REPRIVATIZATION PROCESS IN SELECTED EASTERN AND CENTRAL EUROPEAN COUNTRIES

The paper contains the synthesis of reprivatization concepts introduced in East Germany, the Czech Republic, Hungary and Bulgaria. The selection of the countries which have undergone the process in their own specific ways, allows for a wider scope of comparison and at the same time lets the author to omit legal solutions adopted by other countries. The study concentrates on comparison of three main legal aspects of reprivatization regulations: the objective and subjective scopes and adopted forms of realization of the process with the special attention on natural restitution and its limitations. The basic conclusion of the paper points at the lack of full reprivatization in each of the mentioned countries. A wide range of exclusions and restrictions as well as a variety of adopted realization methods were meant to guarantee the security of individualistic social, financial and economic interests. Therefore, the hypothesis of implementing one common concept of reprivatization by all countries is immediately discredited. The possibility of working out 'the best' reprivatization method also seems doubtful.