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Compliance in Art Transactions: Export Restrictions and Legal Risks

​​The increasingly interconnected global art market is subject to a complex regulatory landscape that governs the import and export of cultural property. The laws surrounding these movements not only address tax and customs aspects but also protect national cultural heritage, setting stringent criteria for the preservation and management of artworks. Understanding international regulations, as well as local specifics, is crucial to avoid issues related to sanctions, seizures, and the loss of value of artworks.

M&A and the Foreign Subsidies Regulation: New Challenges for Cross-Border Transactions

​Regulation (EU) 2022/2560 on Foreign Subsidies (FSR) has reshaped cross-border M&A operations. Effective with notification obligations from October 12, 2023, the FSR introduces additional scrutiny of financial contributions from third countries to preserve a level playing field in the EU market. For companies engaged in cross-border M&A, understanding and managing the FSR is essential for strategic planning.

Art as a Financial Asset: Legal Implications for Companies

The art market has undergone a significant transformation, with artworks increasingly being used as financial assets. Institutional collectors, investment funds, and auction houses consider artworks as strategic portfolio diversification tools and collateral for bank loans. However, integrating art into the financial sector raises several legal implications that extend far beyond mere commercial transactions.

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