The High Court of England and Wales has ordered the Vatican Secretariat of State to pay millions of dollars in legal fees to Raffaele Mincione, the investment manager who sold the Vatican the building at the center of the London property scandal.
In a judgement handed down May 2, the Secretariat of State was ordered to pay half the legal expenses, which totaled more than $9 million, incurred by Mincione and his investment company WRM during a lawsuit that concluded earlier this year over their business dealings with the Vatican.
The court ruling ordered the Secretariat of State to make an immediate payment of $2 million within weeks, with further payments to be made following detailed assessment of expenses.
The court order would appear to settle Mincione as the ultimate victor in the protracted legal battle, which has played out in the High Court since 2020.
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