The son of the late Palestinian businessman Uthman Khatib, who died in July, is suing the investor who was financing lawsuits they...

The son of the late Palestinian businessman Uthman Khatib, who died in July, is suing the investor who was financing lawsuits they brought against Israeli Russian Mozes Frisch for allegedly stealing 135 Russian avant-garde paintings. He claims the works were stolen from his family by Frisch in 2019. In January, a Paris court secured the paintings that were seized from Paris-based art authenticators ArtAnalysis in March of last year. ArtAnalysis had been holding the works for Frisch. Khatib brought the lawsuit against LitFin in Germany in February, according to Bloomberg, before he died in July. The suit against Frisch and the arbitration with LitFin are on hold while Khatib’s estate is being settled. In May, ARTnews reported that as part of the Khatibs’ legal battle to reclaim the 135 disputed paintings, Dentons hired UK-based Doerr Dallas Valuations to appraise the works for insurance purposes. Doerr Dallas assigned a valuation of $208 million. That appraisal, however, came with a “caveat,” Rachel Doerr, the company’s founder and managing director, told ARTnews in a phone call, though she would not discuss the content of that caveat. https://lnkd.in/dfsCEyXz