Art Investment

Heirs of Armenian Genocide in Turkey require the return of stolen property

The subject of the dispute are including works of art

Americans of Armenian descent Karpis Davoyan and Hrayr Turabyan appealed to the federal lawsuit against the Turkish government and the two banks. They are demanding compensation for the heirs of Genocide of Armenians nearly a century ago have lost their land, property and other assets, including works of art. Many values, including prominent religious artifacts are now in the collection of Turkish museums. Lawyer Mark Geragos (Mark Geragos) argues that this is the first lawsuit where a defendant is called government.

Turkey is accused of violating human rights, disregard for international law, illicit enrichment, and disrespect their responsibilities for managing the confiscated property. According to the lawsuit, more than a million Armenians died in a forced relocation in the concentration camps and the massacres committed by Turkey, or implemented with the support or acquiescence. The Government also committed itself to dispose of property of victims, to charge for its use and collect the proceeds from its sale of money and then put those funds in trust accounts until the value is not returned to their rightful owners. Instead, the government "to keep and property, and income derived from it." Lawyers for the plaintiffs believe that the documents on the assigned values and brought their profits still exist, in their opinion, the disputed amount may be calculated in billions of dollars. They intend to assign to this claim the status of the collective, which could take several years.

Source: artknowledgenews.com , artinvestment.ru


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