DSK Legal has added art law to the firm’s portfolio of practice. The newly introduced practice area will focus on Indian art law and is a combination of media laws, intellectual property rights protection and estate planning.
The art law practice will be headed by DSK managing partner Anand Desai and partner Chandrima Mitra.
Indian art works and antiquities are becoming increasingly valuable, both in India and globally. At the same time, India has an evolving legal and regulatory landscape that clients and art lovers need help understanding. There is the Antiquities and Art Treasures Act, the Museum Grant Scheme, exchange control laws, stamp duty, income tax and indirect tax law amendments, among others.
“While we have an art and antiquities laws, there is an imminent need for advisers who can assist artists and collectors, and draft informed contracts and assist in deals,” said Mitra. “The mushrooming fake art market, ownership disputes, the evolving tax regime, and the antiquities laws in India are among the many legal issues that are coming up in this space.”
The firm has experience in advising artists on exhibitions, structuring collections in a tax-efficient manner, assisting gallerists on issues relating to title and encumbrances on artworks, and also helping clients facing proceedings under antiquities laws.