The recent announcement of the launch of the Court of Arbitration for Art (CAA) is exciting and intriguing news. There is nothing peculiar to the art market or the art world about the existence of disputes—any businessperson in a wide variety of industries can testify to that. But what is promising about this initiative is the opportunity it presents to streamline an important segment of art world disputes, and in so doing to create a larger body of legal guidance that will in itself be useful in and outside of formal controversies. It does not supplant civil litigation in courts, nor does it make any pretense of doing so. It could, however, become an important complement. Critical will be enough buy-in from lawyers in particular to become willing to recommend its inclusion in contracts, for example. I would certainly include myself in that group, depending on the specific circumstances.
Topics: Stropheus, Judith Prowda, Sotheby’s Institute of Art, London, AAA, Geneva, Pryor Cashman LLP, Tom Brady, Megan Noh, New York, HEAR Act, CAA, Authentication in Art, Arbitration, JAMS, The Hague, NAI, Holocaust Expropriated Art Recovery Act of 2016, Quinn Emanuel Urquart & Sullivan LLP, Court of Arbitration for Art, Netherlands Arbitration Institute, William Charron, Cahill Cossu & Robinson LLP, Luke Nikas
Although this week's Restitution and Repatriation conference at DePaul was washed out by Hurricane Sandy, another terrific event is on the horizon next week. "Art Law Day" at New York University, hosted by the Appraisers Association of America, will be held on November 9, 2012 at NYU's Kimmel Center. The condensed schedule from the event's website is below. Wishing everyone in New York continued safety, we hope to see you there.
Topics: John Silberman Associates, Holland Dunn, Yuri Yanchyshyn, Jack Flam, Aurora Advisory Group, Karin Gross, Magdalena Dabrowski, AAA, John Cahill, Donn Zaretzky, Hurricane Sandy, Inc., Ella Newman, McLaughlin & Stern, Art Law Day, LLP, Jane C. H. Jacob, Peter Stern, ARIS, Ralph Lerner, Withers Bergman, Michael Ward Stout, Appraisal, ETN Associates, NYU, Events, Chubb Group of Insurance Companies LLP, Dorit Straus, Nicola Walter, Elizabeth von Habsburg, Jacob Fine Art, Ron Fiamma, Appraisers Association of America, J.P. Morgan Securities, Restitution and Repatriation, IFAR, Kimmel Center, Dedalus Foundation, connoisseurship, Christiane Fischer, Winston Art Group, Gloria Velandia, Sharon Flescher, Judith Bresler