RUSSELLS: ART COLLECTOR'S SUCCESSFUL APPEAL AGAINST DIGITAL AUCTION PLATFORM IS A LANDMARK MOMENT FOR BRITISH CONSUMERS
After the Court of Appeal granted Soleymani permission to appeal in July 2022, the art collector received a favourable ruling on 6 October, which impacts every British internet user purchasing goods online under UK consumer laws.
- After the Court of Appeal granted Soleymani permission to appeal in July 2022, the art collector received a favourable ruling on 6 October, which impacts every British internet user purchasing goods online under UK consumer laws.
- The decision is ground-breaking, protecting consumers from the imposition of automatic foreign arbitration when they want to dispute an online transaction, which happened when Soleymani disputed an online auction on Nifty Gateway and the New York-based platform began arbitral proceedings in New York.
- The disputed auction happened in May 2021 over Beeple's Abundance, an NFT that Ethereum's co-founder Taylor Gerring purchased for $1.2m on Nifty Gateway.
- Soleymani's legal counsel says, "The case Mr Soleymani is seeking to make has broad implications for all consumers using the internet in general in this jurisdiction.