Art Collector Fights To Revive English Suit Over NFT Sale

By Sophia Dourou (July 27, 2022, 6:56 PM BST) -- An art collector asked an appeals court Wednesday to revive English proceedings over a dispute arising out of his purchase of a $650,000 NFT from the artist Beeple, arguing the matter should not be resolved through arbitration in New York.

A lawyer for Amir Soleymani told the Court of Appeal in oral arguments that having his legal battle with non-fungible token trading platform Nifty Gateway LLC dealt with by way of arbitration overseas violates his consumer rights under English law.

Graham Dunning QC, representing Soleymani, told the court that the case had larger implications in the constantly growing NFT market, given...

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