Austrian panel to resolve Klimt art dispute.

Chicago Tribune (Chicago, IL) | May 19, 2005 | Copyright

Byline: Howard Reich

May 19--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, under an agreement announced Wednesday.

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 ...

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