Reed Smith's Ian Turetsky and Casey Laffey on legal topics during the coronavirus pandemic

In this week's episode of the ArtTactic Podcast, Ian Turetsky,
associate in Reed Smith's Global Commercial Dispute group, and
Casey Laffey, vice chair of Reed Smith's Global Commercial Dispute
group, join us to discuss force majeure and other legal issues
impacting the art world during the coronavirus pandemic. First, Ian
and Casey tell us about force majeure, a clause in contracts that
frees parties from liability or obligation when an extraordinary
event beyond their control occurs, and why the coronavirus pandemic
has made it the hottest topic in the legal world. Then, they
explain when force majeure may apply to certain issues in the art
world at this time. Also, we speak about certain collectors trying
to back out of their invoices at this time and explore to what
extent invoices are legally binding. Then, Ian and Casey reveals
what parties should be considering if they are entering into
contracts in the midst of the pandemic. Lastly, they share some
lessons learned from this pandemic that can be used moving forward.