After fully setting out the history and loss of the Pissarro painting by the Cassirer family, its acquisition by the Thyssen-Bornemisza Collection and the legal principles applying, US Federal Judge John Walter concluded:
"... TBC’s refusal to return the Painting to the Cassirers is inconsistent with the Washington Principles and the Terezin Declaration. However, the Court has no alternative but to apply Spanish law and cannot force the Kingdom of Spain or TBC to comply with its moral commitments. Accordingly, after considering all of the evidence and the arguments of the parties, the Court concludes that TBC is the lawful owner of the Painting and the Court must enter judgment in favor of TBC...."
To read the judgement in full, click here.