On 15 January 2021, the Supreme Court handed down judgment in the Covid-19 Business Interruption Insurance (“BII”) test case of The Financial Conduct Authority v… Read More »Boost for galleries in relation to COVID-related insurance pay-outs
Finding in favour of Phillips Auctioneers LLC, Hon. Denise Cote of the Southern District of New York dismissed JN Contemporary Art LLC’s complaint against Phillips,… Read More »US Federal Court Rules “Covid-19 Pandemic is a Natural Disaster”
Issues around deaccessioning run to two fundamental and related questions: what are museums for and what does the term “public collection” mean? Is a public… Read More »Museums and deaccessioning during the Covid-19 pandemic
On 15 September 2020, the High Court handed down judgment in the COVID-19 Business Interruption Insurance test case brought by the FCA. Policies under review… Read More »Galleries to qualify for COVID pay-out from insurers
Question: I have sold a painting on consignment, I have received payment from the buyer and I would like to delay paying the seller and… Read More »Q&A – Can I use client funds to pay business expenses?
Question: I need liquidity and I am looking at taking out a loan against my stock, what are my options and what do I need… Read More »Q&A – Raising cash against stock when cash is in short supply