Art as Security: Using Art as Collateral for Loans
A link will be sent to participants several days before the event.
The Institute of Art and Law, in association with the law firm Fladgate LLP, will host a virtual seminar titled 'Art as Security: Using art as collateral for loans' on Thursday 20th May 2021, from 2.00 pm to 5.00 pm UK BST/9.00 am to 12 noon EST. The event will cover the most relevant issues facing the art world today. As finances have tightened during the pandemic, those in need of liquidity increasingly turn towards their art to be used as security for obtaining financial loans.
The event will first focus on the present situation in the UK. Many recognize that the Victorian rules and procedures for registering security interests are no longer fit for purpose. To obtain a better handle on the topic, the discussion will also consider the modernized system in the United States to give policymakers, advisers, and art collectors an insight into how the system could be improved in the UK. With London as one of the world's primary art markets, the issues covered in this seminar will be of truly global importance.
Speakers include:
- Geoffrey Bennett, Senior Fellow, Institute of Art & Law
- Luke Morris, Partner, Fladgate LLP (London)
- James Earl, Partner, Fladgate LLP (London)
- Anders Peterson, Partner, Fladgate LLP (London)
- Megan Noh, Partner, Pryor Cashman LLP (New York)
- Drew Watson, Senior VP, Art Services, Bank of America (New York)
- Diana Cawdell, Arts consultant, Golden Squared Consulting
- James Ratcliffe, General Counsel and Director of Recoveries, Art Loss Register
Date: 20th May 2021
Time: 2.00 pm to 5.00 pm, UK time/9.00 am to 12 pm(noon), Eastern Standard Time, US
Cost: £60.00 incl VAT 50% discount for IAL and UKRG members
