The Art Newspaper covers the judgment of a Singapore court in the case that seems like it will never go away. That case is, of course, Dmitiry Rybolovlev’s long-running vendetta against Yves Bouvier, the intermediary in Rybolovlev’s art transactions who benefitted enormously from the Oligarch’s overly-trusting nature.
Since discovering that he had made deals through Bouvier that were over market prices, Rybolovlev has tried a number of tactics to put Bouvier in some form of jeopardy. Rybolovlev’s attacks have been made in Monaco, France, the press in the UK and US and crucially in Singapore where Bouvier is a resident as well.
So far, Rybolovlev’s strategy has worked no better in the courts than it did in the art market. This week, a Singaporean court ruled that business dealings between the two men are governed by Swiss law and should be sorted out in a Swiss court.
Here’s The Art Newspaper’s summary:Continue Reading