Art business and art investments in Thailand and abroad
Transactions and disputes in the art world #2. Art due diligence: On an international level, artworks have frequently complex ownership issues, collateral security, copyright and cultural asset property rights, counterfeiting and restitution claims, stolen/looted art and similar aspects. A comprehensive art due diligence has the purpose to disclose such legal and commercial implications to give the prospective buyer a risk assessment as a basis for his investment decision. #3. Art litigation includes disputes over ownership, counterfeiting, authenticity and provenance, misattributed or damaged artwork, restitution claims, art fraud, loss of sale and associated losses, breach of contract, and the liability of appraisers and art consultants. Dispute resolution might be required in […]
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