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Art draws keen interest from wealthy Asians and regulators alike, says Withers

Wealthy Asians are increasingly seeking legal advice regarding art financing and tax, notes the law firm, while governments are raising scrutiny on an “unregulated” industry amid the global clampdown on money laundering. “Many of our clients are using art as collateral for bank loans,” Diana Wierbicki, global head of art law at Withers, told media in Hong Kong yesterday, adding…

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