Italian financier Raffaele Mincione's case centred on the Vatican's investment in a west London property, which it ultimately sold at a loss of about 140 million euros ($147 million) in 2022. He sued the Vatican at London's High Court,

The British High Court said the Vatican “had reason to consider itself utterly let down” in its experience with Raffaele Mincione, who had managed the money-losing investment for the Holy See for a number of years before another financier took over.