The aim of this paper is to present the compensation procedure for property taken during the Yugoslav Communist Regime and to analyze the problems that cause it to last such a long time. The entire procedure is carried out according to the provisions of the Law on compensation for property confiscated during the Yugoslav Communist Regime, which was adopted on October 11, 1996. and entered into force on January 1, 1997. The purpose of passing this law was to correct the old injustices committed against the previous owners by the Yugoslav communist authorities, but at the same time making sure that by correcting the old injustices, new ones were not committed. The first part of this paper includes presentation and definition of basic terms such as assignee, obligees and object of compensation. The main part presents a more detailed analysis of the compensation procedure itself, with an emphasis on illegalities and irregularities that significantly contribute to its longevity. This is followed by a presentation of specific problems in administrative-judicial practice that represent an additional brake in the faster and more efficient implementation of this procedure and the resolution of the cases in question, which the authorized persons often wait for more than two decades. Finally, the paper points out some doubts related to the interpretation and application of certain provisions of the Law in question, which also contributes to the length of the compensation procedure for confiscated property. In the conclusion, some proposals are presented to speed up the resolution of the proceedings in question, all in order to give satisfaction to those who have been waiting for it for decades.