Foundations: a tool for the promotion, investment […] Foundations: a tool for the promotion, investment and protection of art
Category: Art law
Foundations have become a well-established legal vehicle within the art and culture ecosystem, aimed at the preservation, promotion and dissemination of artistic heritage. At Devesa, we created a dedicated Art Law practice within our legal and tax advisory services to support collectors, families with artistic assets, investors and institutions in the creation, management and legal […]
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Why consult an art and antiques appraiser in the e […] Why consult an art and antiques appraiser in the event of an inheritance or divorce?
Handling an inheritance or divorce is often a complex and stressful process. Matters become even more complicated when the estate includes paintings or other movable property whose value is unknown. In such cases, the role of the art and antiques appraiser can be essential. The first challenge: determining the true value of the assets The […]
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Art Galleries and Money Laundering: Key Issues Art Galleries and Money Laundering: Key Issues
Obligated Parties in the Prevention of Money Laundering in the Art Sector
Law 10/2010 of 28 April on the Prevention of Money Laundering and Terrorist Financing establishes the status of obliged parties for individuals or legal entities trading in works of art or antiques. This status entails a legal duty […]
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Investment in works of art through Free Investment […] Investment in works of art through Free Investment Companies (SILs)
Why are wealthy individuals starting to use SILs (Free Investment Companies) to manage their wealth? It is not surprising that more and more families with extensive wealth are opting to structure their investments through figures such as the Free Investment Company or SIL. The strict control that the tax administration is carrying out with the […]
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