A dispute that has been going on for twenty years and does not involve fines or reversals. Because there is a lot of money at stake, and neither side is going to let it go. On one side are the three brothers Elkann, John, Ginevra and Lapo, and on the other, mother Margarita. along with four of the five children born of her second marriage to the Russian Serge de Pahlen, Peter, Anna, Tatiana and Sophia (currently without a fifth daughter, Maria). These days, the Court of Turin is called upon to settle, once and for all, the endless diatribe related to the legacy of Gianni’s grandfather. which could redefine the entire structure of the Elkann-Agnelli billionaire empire.
The key point is the territorial issue, or rather the jurisdiction of competence: Turin or Switzerland? The most important issue that can change the fate of the process, given the difference in the laws of the two countries regarding the rules of succession. Because in Italy you can challenge the will, not in Switzerland. So if the dispute turned into the shadow of the Mole, will of Marella Caracciolo, widow of lawyer Gianni Agnelli, who listed her three grandchildren as her sole heirs, may be declared invalid and this will bring back into play the only daughter, Marguerite, and thus the five children from her second marriage. In short, Margherita’s lawyers want to prove that Marella lived in Italy, not Switzerland, and return the court to Turin. This is a non-trivial detail: the Italian legal system excludes succession contracts, so succession contracts would be called into question.
Repetition is necessary for a better understanding. Margherita is the second child of Gianni and Marella Agnelli and the sister of Edoardo, who committed suicide in 2000. She has eight children: John, Lapo and Ginevra, children of the writer Alain Elkann and Maria, Pietro, Sophia, Anna and Tatiana from her second husband Serge de Pahlen. The controversy began when Gianni Agnelli named his nephew John Philip Jacob, known as Jaqui, born in 1976, a young engineering student at the Polytechnic Institute of Turin, as his successor. A month after the death of a lawyer in 2003, all his shares are transferred to the chosen one. But when Grandma Marella also gives the boy ownership of her shares, essentially giving him control of the company, Margarita disagrees and begins to push her own way.
In 2004, a truce. To make peace with Donna Marella and her first blood children, Margarita decides to step aside by giving up her 33% December, or a company that controls a constellation of groups, including Exor, including Stellantis, Ferrari, Juventus, the Gedi group (la Repubblica, La Stampa), The Economist, CNH, Iveco, Louboutin and other financial holdings in exchange for assets worth more than 1 billion euros (including the Villar Perosa family estate and an enviable collection of paintings by Pablo Picasso, Paul Klee, Francisco Goya, Gustav Klimt and Francis Bacon). Everything seems to have turned out for the best, at least until a few months after the signing of the agreement, John Elkann fired his stepfather Serge de Pahlen without much explanation after 26 years with the Fiat group.
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So, in 2007, Margarita’s war against the Elkans resumed. In 2015, the lawsuit of the lawyer’s only daughter was declared unfounded by the court of cassation, but in 2019, with the death of Donna Marella, the structures changed again: Margherita returned to the attack, questioning the legality of her mother’s three Swiss wills in favor of the three Elkann brothers “in the face of Italian law and the “settlement agreement” of their father’s inheritance and the “inheritance agreement” she signed in 2004. Corriere della Serawho in 2020 without further ado defines the mother as “self-destructive and self-damaging” and guilty of “dividing the family in two.”
As expected Milan Finance The other day, on Monday, November 7, the judge of the civil court of Turin, Nicoletta Aloi, listened to the lawyers of the parties concerned for about two hours: the verdict is expected next spring. Thus, according to Margherita Agnelli, Turin is the competent jurisdiction, since the mother died in Italy (February 23, 2019 at Villa Fresco): if she wins the legal dispute, she will receive the so-called “legitimate” share. at the expense of direct heirs, that is, 50 percent of the property passed to the children. Poverty lacks much, greed lacks everythingthe ancient Romans said so, and as usual there is nothing to object to.
Source: Elle