The first specialized tribunal devoted exclusively to art disputes, the Court of Arbitration for Art (CAfA), will open for business on April 1, 2019 in the Hague. The CAfA will conduct proceedings around the globe, addressing the full spectrum of art disputes, including authenticity, contract and chain of title disputes, copyright claims and more.
William Charron, Co-Chair of Pryor Cashman's Art Law practice, who conceived of the CAfA, spoke with The Art Newspaper about the difficulty courts and juries often face when confronted with art law cases and why publishing the tribunal's decisions will lead to greater acceptance from the art market.
"The market values anonymity but the objective was to have a tribunal that the market would accept. So we struck a balance in a default rule to publish but keep party names anonymous," with the artwork itself identified, Charron said. "The idea at every point is accuracy and market legitimacy."
"We view it as important to publish...The idea behind CAfA is to mitigate areas of concern."
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.