DUE DILIGENCE STANDARDS IN THE CIRCULATION OF CULTURAL PROPERTY

Abstract

In the article of values practical problems of legal circulation of cultural property. A range of issues related to the relocation of cultural property from problem areas has been identified. The focus is on an analysis of the meaning of the term ‘due diligence standards’. Compliance with due diligence standards is one of the prerequisites that allow to secure the owner against financial, time and reputational losses in the future. The author refers to the international legal instruments which gave rise to the practical application of due diligence standards. Listed the international façade associations that have established and implemented moral codes of conduct based on UNESCO’s recommendations.