Before the Second World War, Jews from Eastern and Central Europe entertained a growing desire to fulfill the Zionist Dream and leave their mark on the Land of Israel. As a result, many invested money in Israeli banks, purchased houses and real estate, and other assets in the Land of Israel for ideological reasons. Some even saw this as preparation for future Aliyah to Israel.
Unfortunately, many found their death under the Nazi regime, and their Israeli assets remained unclaimed.
At the start of the year 2000, the Knesset, Israel's parliament, established a parliamentary investigative committee to identify the assets of Holocaust victims located in Israel and reinstate them with their legal heirs. The committee, headed by MK Collette Avital, investigated the scope of assets located in Israel that had not been returned to their legal owners.
These assets include dormant bank accounts administered by Israeli banks, shares, contents of safes and real estate assets held by various institutions and agencies - both private and public.
As a result of the investigative committee's final report, the Law for Holocaust Victims' Assets was legislated in 2006, resulting in the establishment of the Company for Location and Restitution of Holocaust Victims' Assets whose declared task is to do justice with the owners of assets killed in the Holocaust and the return of their assets to their legal heirs.