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.
