Extell in Gem of a Deal with Turkey’s Gulaylar
March 13, 2013 - NY Post
Turkey’s Gulaylar Group has bought the Gem Tower, a three-level, 12,000 square-foot retail condominium on West 47th Street in New York City.
Gulaylar Group is involved in the design, production, and distribution of jewelry to 55 countries, and is also active in hotel and shopping mall development.
Herrick Feinstein To Rep East Side Turkish Center
September 13, 2012 -- GlobeSt
In an article about Herrick, Feinstein’s representation of the Republic of Turkey on all aspects of the development of its new Turkish Center, Partner Lawrence M. Kaye is quoted about the firm’s long-standing relationship with the Turkish government. Michael E. McMahon, co-chair of Herrick’s Government Relations Practice and former U.S. Congressman, as well as real estate Partner Jonathan Adelsberg are also quoted in the article about the importance of this project. The article also notes the addition of Barbaros M. Karaahmet to the firm’s Turkish Practice Group.
Iran: A threat to West and its neighbors
August 2, 2012 -- The Hill’s Congress Blog
Former Representative (D-N.Y.) and current counsel at Herrick, Michael McMahon published an op-ed on The Hill’s Congress Blog titled “Iran: A threat to West and its neighbors” that discusses the political effects of Azerbaijan’s geographical location.
The Hill has the largest circulation of any Capitol Hill publication, circulating to 21,000 subscribers. The free website hosts 11 blogs covering political and policy issues including the Congress Blog where this article can be found.
After 1,500 Years, an Index to the Talmud’s Labyrinths, With Roots in the Bronx
December 27, 2011 -- The New York Times
Daniel Retter's compilation of an index to the 63-volume, 1,500-year-old Torah is covered in this article. It took Daniel seven years to create the index, which he says he did, in part, because the lack of an index frustrated him, especially because as an attorney, he is used to indexes attached to books of statutes and case law.
Diamond dealer sues two Belgian banks
December 23, 2011 -- Financial Times
Our RICO complaint -- on behalf of our client, the diamond dealer Lazare Kaplan (LKI), against two Belgian banks -- is noted here. LKI alleges that the banks stole $135 million worth of diamonds by passing the money through a number of shell companies overseas. The article quotes heavily from our complaint and notes that Lazare Kaplan seeks $500 million in lost proceeds and consequential damages. Under our complaint, which alleges racketeering and money laundering, a court could treble the damages.
Herrick is significantly strengthening its Corporate Practice with the arrival of counsel Barbaros Karaahmet
November 2011 -- Herrick, Feinstein LLP
Barbaros Karaahmet, a prominent Turkish-American attorney based in New York, has joined the firm, bringing with him a dynamic and well-established practice. Mr. Karaahmet has significant experience in advising domestic and international clients on U.S-Turkey business ventures and will work with his Herrick colleagues to provide a full range of counsel and assistance on mergers and acquisitions, real estate, tax, private equity, corporate and project finance, and all types of cross-border litigation and transactions.
Weary Herakles statue returns home with Erdogan
September 25, 2011 -- Today's Zaman
Lawrence Kaye and Herrick are mentioned for having successfully engineered the return to Turkey of a $1.5 million statue known as Weary Herakles. The statue, which was smuggled from Turkey in the Eighties, had been in the possession of a Boston museum.
Art in the Crossfire: A Jewish Sect’s Claims Have Led to a U.S.-Russia Embargo
August 16, 2011 -- The New York Observer
Howard Spiegler and Charles Goldstein, in his role as counsel to the Commission for Art Recovery, are quoted in this article, which examines how Chabad, a Brooklyn-based Jewish sect, is claiming to be the rightful owner of art, book and manuscripts that Russian possesses. The article notes that the dispute has led to a diplomatic strain between the U.S. and Russia, particularly as it relates to loans of artwork. The article refers to Herrick as an "art law powerhouse."
Heir Awarded $1.43 Million by Hague for Goering-Looted Part of Old Master
August 15, 2011 -- Bloomberg News
Our representation of the heir of a Jewish art dealer whose gallery was looted by the Nazis, and the heir's $1.43 million settlement with The Hague city government, are noted. Our client, Marei von Saher, daughter-in-law to and heir of Jacques Goudstikker, entered into the settlement concerning the Jan Steen painting, “The Wedding Night of Tobias and Sarah," which hangs in the Bredius Museum in The Hague. The painting had been split into segments, with The Hague owning one segment, before being reunited by restorers in 1996, and the settlement allows the painting to remain as one work.
A market test for renewable energy
September 23, 2010 -- European Energy Review
Mahendra Churaman examines the prospects for an IPO planned by the Italian utility company Enel and expresses skepticism regarding the share price. The overall spottiness in the IPO market and Enel's insistence on offering the shares now leads him to predict that investors will want to perceive a discounted price for the shares.
U.S. museum exhibits Old Master art looted by Nazis
March 10, 2009 -- Reuters
Larry Kaye tells Reuters that the majority of paintings once owned by Jacques Goudstikker is unaccounted for, although some 200 have been returned to his heirs. Kaye makes his remarks in Reuters story that notes that nearly 50 paintings by the Dutch Old Masters that were seized by the Nazis during World War II will be on display at the Jewish Museum in New York.
Russian Abstract Painting Bucks Art Gloom
November 4, 2008 -- AFP
This article notes that Kazimir Malevich's Suprematist Composition sold for $60 million at Sotheby's in New York, despite the dismal auction market.
If This Picture Could Talk:
A Malevich painting's long route to the auction block
November 1, 2008 -- Wall Street Journal
This story mentions the efforts of Larry Kaye and Howard Spiegler to secure for our clients the return of valuable art, including a painting by Kazimir Malevich, that was looted by the Nazis. Kaye and Spiegler are noted for their seven-year negotiations with two museums that came into possession of the painting, as part of its 60-year odyssey that culminated in its sale at auction.
The Art World
October 2008 -- American Lawyer
This item notes that Herrick has a renowned international art law practice without having offices overseas. It highlights some of our most notable wins in art recovery and quotes Mari-Claudia Jimenez on the likelihood that Cuba may be the next frontier for recovery of nationalized art, particularly as the political landscape there changes.
Think Global, Stay Local: Working From Home
October 2008 -- American Lawyer
This feature includes Herrick as one of the most prominent American law firms doing significant international legal work without having offices overseas. It mentions our insurance and reinsurance work in the U.K., France and Germany; Japanese corporate practice; and international art practice.
Reclamaciones de Arte a Dictaduras Nazis y Comunistas
June 17, 2008 -- El Nuevo Herald
Mari-Claudia Jiménez is mentioned in this article, which covers a conference at which she spoke, entitled "Plundered Patrimony: The Systematic Theft of Europe by the Nazis and Communists." The conference focused on the looting of Europe's cultural patrimony.
Grandmother Fights for Nazi-stolen Art
February 20, 2008 -- The Journal News
Elizabeth Holtzman is quoted in an article about attempts by her client Martha Nierenberg to reclaim family paintings that were stolen by the Nazis.
City of Amsterdam Can be Sued in US
September 2007 -- The Art Newspaper
Howard Spiegler and Larry Kaye are mentioned regarding their representation of the heirs of the artist Kazimir Malevich in litigation to recover artwork from the Stedelijk Museum, which is owned by the city of Amsterdam.
Show Will Feature Paintings Looted by Nazis
July 1, 2007 -- The New York Times
Larry Kaye is mentiioned in a story about an art exhibit that was to feature paintings looted by the Nazis. The story noted that the exhibit pointed out not only the caliber of much of looted art, but also the decades-long struggle that some rightful owners face when trying to recover valuable art that was misappropriated.
Former Nazi Loot to Tour
June 29, 2007 -- The New York Times
Larry Kaye is quoted in a story examining the international tour of paintings from the collection of Jacques Goudstikker, whose heirs are clients of Herrick, Feinstein.
Painter Malevich's Heirs Can Sue Amsterdam for Art
June 29, 2007 -- Reuters
Howard Spiegler and Larry Kaye are quoted in a story that notes that their client will be allowed to sue the city of Amsterdam in connection with the expropriation of the art, which hangs in a museum owned by the city.
Stolen Artworks and the Lawyers Who Reclaim Them
March 28, 2007 -- The New York Times
Howard Spiegler and Lawrence Kaye are featured in this article about the Herrick, Feinstein art recovery practice and the larger issues in looted and stolen art and its recovery.
The Bounty Hunters
March 23, 2007 -- Wall Street Journal
Lawrence Kaye is the focus of this article -- and fellow Herrick art law partner Howard Spiegler is mentioned -- on the growth in the field of art recovery.
Five Paintings from the Goudstikker Collection to Stay in The Netherlands
March 2007 -- Herrick, Feinstein LLP
Marei von Saher, the sole heir of the noted pre-War Dutch art dealer Jacques Goudstikker, announced today that she is donating one of the paintings that the Dutch government restituted to her in February 2006 to The Netherlands. She also announced that she has entered into an agreement with the Dutch government in which it acquired four important paintings from the restituted Goudstikker Collection for the Dutch State.
Recovered Artworks Heading to Auction
February 22, 2007 -- The New York Times
Larry Kaye is quoted regarding the sale of more than 100 Old Master pictures from the famed Goudstikker collection by Herrick's client, Marei von Saher, Goudstikker's sole heir. Kaye notes that although the works were recovered after having been looted, they represented only a fraction of the valuable artwork that was pilfered.
An art trove, looted by the Nazis and recovered, is going on sale
February 22, 2007 -- International Herald Tribune
Larry Kaye is quoted on the recovery from the Dutch government and sale of 100 Old Master pictures from the collection of the famed Dutch art dealer Jacques Goudstikker, whose collection was looted by the Nazis. Herrick represented Goudstikker's lone heir, Marie von Saher, in the recovery of the art and its sale.
Restitution: Unfulfilled Promises
December 2006 -- Art News
Larry Kaye is quoted on how uncooperative American museums are regarding restitution claims when compared to their Western European counterparts.
Goudstikker: 'At Long Last, Justice'
February 6, 2006 -- Herrick, Feinstein LLP
The Dutch government will finally provide a measure of justice to the family of the Jewish art dealer Jacques Goudstikker, who died in May 1940 while fleeing the Nazi invasion.