It is neither a treaty nor legally binding international agreement[1] The Holocaust Era Assets Conference took place in Terezín, Czech Republic, the site of the Theresienstadt Ghetto.
[2][3] A year later 43 of the signatories (excluding Belarus, Malta, Russia and Poland) endorsed a companion document, the 2010 Guidelines and Best Practices for the Restitution and Compensation of Immovable (Real) Property, which set best practices for immovable property.
[5] During the Holocaust, plunder of Jewish property took place in an organized manner and on a comprehensive scale.
The Terezin declaration was passed in 2009 as a result of what US ambassador Stuart E. Eizenstat termed "the unfinished business of World War II".
[4][6] The Justice for Uncompensated Survivors Today (JUST) Act of 2017 requires the United States Department of State to report to Congress on steps that the signatories of the Terezin Declaration have taken to compensate Holocaust survivors and their heirs for assets seized by Nazi Germany and post-war communist governments.