Austrian panel, not U.S. courts, will decide who owns looted art.

Chicago Tribune (Chicago, IL) | May 18, 2005| | Copyright

Byline: Howard Reich

CHICAGO _ A dispute over Nazi-looted art that precipitated a landmark U.S. Supreme Court decision last year will be settled in binding arbitration in Austria.

Though the Supreme Court ruled in June that Holocaust survivor Maria Bloch-Bauer Altmann could sue the Austrian government in U.S. courts for stolen art valued at $150 million, Altmann has agreed with the Austrian government and other related parties to accept the decision of an Austrian arbitration panel.

The agreement ends all litigation over the paintings in the United ...

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