Tag: Richard Nagy

In the News: In Case Over Nazi-Looted Art, Dispute Over $1.4M in Prejudgment Interest Heats Up

“As long as they continue to assert title, we can’t sell the artworks,” said the lawyer for the
Jewish heirs to an Austrian 1920s art collector who had owned the Egon Schiele paintings
before the Nazis imprisoned him.

The heirs are claiming that interest on the artworks they
won possession of continues to grow as the interest amount is disputed and leave for appeal
on the merits is sought.

Law Journal
Übersetzung NYL-Joural

Here a rough german translation

Übersetzung NYL-Joural

In the News: Austrian Performer’s Heirs Found to Have Superior Right to Looted Schiele Works

…Under New York law, Nagy could only receive good title to the artworks from a seller with good title to give. Since no evidence was presented to show anyone involved in the sale of the works since Grünbaum’s death had good title, Nagy was unable to prove he held title superior to the heirs…

Die deutsche Übersetzung des Artikels befindet sich am Ende des Posts.

20190823 New York Appellate Court Upholds Purpose of HEAR Act_ Austrian Performer’s Heirs Found to Have Superior Right to Looted Schiele Works _ Institute of Art and Law
20190823New York Berufungsgericht unterstützt das Ziel des HEAR Act -de

NY Appeals Court Explains Why Nazi-Stolen Paintings Belong With Gruenbaum’s Heirs

In a deeply researched opinion that it appears could embolden legal efforts by Jewish heirs to reclaim Nazi-stolen art worldwide, a state appeals court Tuesday ruled that two highly valued early 20th century paintings looted by the Nazis belong to the heirs of the Austrian Jewish entertainer who first collected them.

https://www.law.com/newyorklawjournal/2019/07/09/ny-appeals-court-explains-why-nazi-stolen-paintings-belong-with-jewish-collectors-heirs/

NY Appeals Court Explains Why Nazi-Stolen Paintings Belong With Jewish Collector's Heirs _ New York Law Journal