Art website fined for calling itself a bank

Bomsdofr, Clemens
June 2009
Art Newspaper;Jun2009, Vol. 18 Issue 203, p62
The article reports on the ruling of a Danish court that orders Bank of International Art Money (Biam) to pay fine and to refrain from using the word bank in its corporate name in 2009. The website www.artmoney.org is being managed by the company. Biam majority shareholder Lars Kraemmer explains the impact of court's decision to prohibit the company from using the name bank on the project. The firm is also mandated by the court to pay a fine of 2,000 Danish krone and other costs.


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