Navigating the Laws of Art
Date: 17th November
Time: 5:15pm to 6:15pm
The law, much like art, can sometimes be abstract to understand. Collectors, institutions and artists are often in need of advice on how they can navigate the often informal creative sector that is increasingly being recognized as an important economic, social and cultural contributor, in a manner that safeguards their rights. Through this panel, experts in the law will share their advice on an assortment of matters such as creating and maintaining an art collection, setting up private museums or foundations, inheritance planning, tax laws, estate planning, protection of copyright and taking action against infringing or fake works, especially in the age of digital art.
About the Speakers
Tanmay Patnaik is a Partner and leads the Private Client team at Trilegal. He specialises in estate and succession planning (including cross-border aspects and interplay with the Indian exchange control regime, takeover regulations and personal laws), family constitutions and governance, family settlements/disputes, and establishment of trusts. Tanmay has extensive experience in advising promoters of some of India’s largest business houses as well as professional wealth management and fiduciary service providers, public personalities, senior executives and NRIs.
He also advises on the establishment and operations of family offices (domestic and offshore), restructuring of existing trust structures, the establishment of public charitable institutions, and the rights and obligations of fiduciaries and beneficiaries. In addition, Tanmay regularly advises on general corporate matters with a special focus on private acquisitions, joint ventures and restructurings. Tanmay has also worked with the Tax and Wealth Planning Team at Mishcon De Reya LLP (London) in 2018-19.
Pallav Shukla is a Partner in Trilegal’s New Delhi office and part of the Dispute Resolution practice. Pallav focuses on white-collar criminal defence, internal investigations, high-stake employment disputes and contentious intellectual property infringement cases. Pallav has substantial experience in defending some of the world’s leading IT, aerospace, life sciences and defence manufacturing companies in anti-corruption and anti-money laundering enforcement in India. He has successfully represented clients in judicial review of related debarment actions by the government. Pallav is regularly instructed to pursue civil and criminal remedies for IPR infringement, breach of confidentiality/data theft, and financial and cyber crimes. He has strong trial credentials in, both, defence and private prosecution involving such cases.
Pallav regularly conducts internal investigations, designs, and implements whistle-blower programs and anti-corruption training modules. Pallav served as a law clerk to Mr. Justice S.H. Kapadia, then Chief Justice of India’s Supreme Court (2010-11), and briefly practised criminal law as an independent counsel.
Punya Nagpal is the global head of client relations at Saffronart, and has been with the company since its inception in 2000. During her tenure, she has undertaken several roles, from business development and marketing to event management and operations. Specialising in valuating, appraising and advising on modern and contemporary Indian art, she has also been an auctioneer since 2013. Her first solo auction in 2019 was a white glove sale and she has conducted live, online and charity auctions with the government of India. Punya manages auctions at Saffronart and on StoryLTD, and annually leads the company’s two flagship auctions in March and September. In 2012, she introduced the concept of Absolute Auctions on the platform, designed to make Indian art more accessible to young collectors. Punya has a bachelor's degree in Mathematics and a master's degree in Applied Operations Research from Delhi University.
Trilegal is one of India's leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the 'Best Overall Law Firms' at the India Business Law Journal Indian Law Firm Awards 2022;'Firm of the year' for Client Service Excellence by Asia Law Awards 2021; "M&A Law firm of the Year" by VCCircle Awards 2020; one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020 and 'highly commended' in the FT RSG Innovative Lawyers Awards 2020.