While 2022 held several lessons for art market participants – from NFTs to Treasury regulations – the end of the year brought a reminder particularly for antiquities collectors of the need to carefully consider the provenance and history of objects in their collections. According to a recent New York Times articleContinue Reading The Return of Looted Art: Warnings from 2022
On June 8, 2021, the United States Court of Appeals for the Second Circuit ruled in Beierwaltes v. Federal Office of Culture of the Swiss Confederation that the temporary seizure in Geneva of antiquities belonging to Colorado-based art collectors conducted by Swiss authorities, as part of a Swiss police investigation,…
Continue Reading Swiss Miss: The Second Circuit Rejects Application of Expropriation Exception to Seizure of Antiquities by Swiss Law Enforcement Officers
On February 3, 2021, the U.S. Supreme Court ruled unanimously in favor of Germany in a dispute over whether American courts may preside over a lawsuit brought by the heirs of German Jewish art dealers who alleged that the Nazi regime coerced the 1935 sale of certain artworks.
On January 1, 2021, Congress voted to override President Trump’s veto of the National Defense Authorization Act for Fiscal Year 2021, which includes provisions that will have significant implications for the antiquities market, and could eventually impact the art market as well.
The New Legislation Extends Bank Regulations to …
Continue Reading National Defense Authorization Act Imposes Anti-Money Laundering Regulations on Antiquities Market and Calls For Study on Role of Art Market in Money Laundering
On June 9, 2020, the Second Circuit effectively terminated Sotheby’s efforts to bring suit against a foreign nation for interference with one of its auctions, reversing and remanding Barnet v. Ministry of Culture and Sports of the Hellenic Republic to the Southern District of New York with instructions to dismiss…
Continue Reading Second Circuit Holds that FSIA Bars Suit Against Sovereign Asserting Cultural Patrimony Claim