Translation of Altmann Award for Klimt Paintings

Randol Schoenberg has provided an English translation of the arbitration award by the Austrian arbitral panel regarding the claim by Maria Altmann against Austria for five Gustav Klimt paintings. An English translation is here. I published a post about the decision earlier this week, available here. Here is the dispositive language:

1. The Republic of Austria acquired ownership of the paintings by Gustav Klimt, Adele Bloch-Bauer I, Adele Bloch-Bauer II, Apfelbaum, Buchenwald/Birkenwald, and Häuser in Unterach am Attersee by virtue of the settlement with the representative of the heirs of Ferdinand Bloch-Bauer, Dr. Gustav Rinesch, in 1948.

2. The conditions of the Federal Act Regarding the Restitution of Artworks from Austrian Federal Museums and Collections dated 4th December 1998, Federal Law Gazette 1 No. 18111998 for the return of the five paintings indicated above without remuneration to the heirs of Ferdinand Bloch-Bauer are fulfilled.

3. Pursuant to Section B of the Arbitration Agreement, the Republic of Austria shall bear the costs of the proceedings.