By Joshua Wurtzel ( May 17, 2022, 5:11 PM EDT) -- On March 23, the U.S. Court of Appeals for the Second Circuit issued a decision in JN Contemporary Art LLC v. Phillips Auctioneers LLC,[1] applying New York law and holding that a force majeure clause in an art auction contract permitted an auction house to cancel its contract with its customer because it was unable to hold an in-person auction as a result of then-Gov. Andrew Cuomo's 2020 shutdown orders....
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