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UK court backs Vatican in refusing to say London financier acted in ‘good faith’ in property deal

A British court supported the Vatican's view that Raffaele Mincione did not act in 'good faith' in his management of its 350-million euro investment.
The court found that Mincione and his companies did not protect the Vatican from fraudulent actors.
Mincione's request for a declaration of good faith was partly denied, despite some claims being accepted by the court.
This case was significant as it marked the first time the Holy See faced trial in a foreign court, amid allegations of financial misconduct.

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ilgiornale.it

The ruling on the Palace of London

3 hours ago·Italy

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Financial Times

Vatican ‘let down’ by financier in London property deal, High Court says

Judge rejects dishonesty allegations but finds Raffaele Mincione’s representation of Chelsea building’s value was ‘not frank’

14 hours ago·London, United Kingdom

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Washington Times

U.K. court backs Vatican in refusing to say London financier acted in ‘good faith’ in property deal

A British court on Friday largely backed the Vatican and refused to declare that a London-based financier acted in "good faith" in his dealings over the Holy See's 350-million euro (US$375 million) investment in a London property.

16 hours ago·United States

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Bloomberg

Vatican ‘Let Down’ by Financier Over Property Deal, Judge Says

The Vatican was “utterly let down” by a financier over the purchase of a luxury London property that left the city state facing more than €100 million ($105 million) in losses, a London judge ruled.

17 hours ago·United States

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Vatican News

British Judge on Sloane Avenue: Mincione did not act in good faith

The High Court of England and Wales publishes its ruling on the legal proceedings initiated by the Italian financier in 2020 against the Secretariat ...

17 hours ago

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Associated Press News

+5 Reposted by 5 other sources

UK court refuses to say financier acted in 'good faith' in Vatican deal but says he wasn't dishonest

A British court has largely backed the Vatican and refused to declare that a London-based financier acted in “good faith” in his dealings involving the Holy See’s investment in a

18 hours ago·United States

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