
The Vatican scandal over a gone-wrong London property investment has proved difficult for one of the Vatican’s senior Cardinals, but in a bizarre twist it has also lead to a sun-bathing lawyer representing the Cardinal to lose his job too.
[adrotate banner=”105″]
Cardinal Angelo Becciu is at the center of a dispute over a luxury Chelsea property, one of London’s best neighbourhoods, which has seen the arrest of a man charged with “extortion, embezzlement, aggravated fraud and self laundering”.
Cardinal Becciu’s has resigned his position and renounced his rights after finding himself implicated in the financial scandal involving the purchase of the luxury building.
But his lawyer, Ivano Iai, a recreational body builder, has had to resign his role representing the Cardinal after he had posted a series of photographs of himself on Instagram and Twitter, in a seaside setting and arching playfully across a rock.
“I gave up the job,” Iai said in a statement on Tuesday, saying he was “sorry” that his social media presence had added to the difficulties of the cardinal and his family.
“With great sorrow I communicate that I have renounced the mandate given to me by the Becciu family who honored me with their uncommon trust and affection,” Iai said.
The Vatican later accused Italian middlemen, who were part of the fund, of allegedly fleecing the Holy See of millions of euros in fees in respect of the London investment.
Officials did not put investigate Becciu, who has denied any wrongdoing.
- Best Boutique Firms 2026: New Zealand
New Zealand’s premium legal market is dominated by four names everyone knows. But beneath that familiar canopy sits an elite tier of specialist boutiques that punch absurdly above their weight — firms that regularly win work the large players refer out, whether for conflicts, specialist depth, or simply because the client wants a partner who’ll actually run the matter. Our inaugural New Zealand ranking draws on Chambers, Legal 500, Benchmark Litigation, and five years of NZ Law Awards data to identify the boutiques that genuinely compete at the top table. The findings? One Auckland litigation firm has won Specialist Firm of the Year four times in five years — a dominance unmatched anywhere in the market. Another is described by peers as providing services “at or better than the litigation departments of the largest firms.” And at the independent bar, a single chambers holds more King’s Counsel appointments than any other set in the country. We’ve also identified the corporate boutique operating at “the top end” of the M&A market with just six lawyers — and the insurance specialist that’s scaled to 90 lawyers without taking a single non-insurance instruction. [Login to read the full report →] - Oil and Transactions Lawyers Join Bracewell in Houston
- US Powerhouse Simpson Thacher Unleashes Elite Private Equity Training Scheme With Eye-Watering £178K NQ Payout
The London legal market just got another massive jolt as US mega-firm Simpson Thacher & Bartlett muscles further into City territory. Simpson Thacher, a private equity titan, the elite New York-headquartered firm has officially launched its first-ever formal UK training contract, which they are backing it up with serious Wall Street cash showing – once again – how the big money US firms are reshaping the London legal scene. - Freshfields Partner Eva Y. Mak Named to Silicon Valley Business Journal’s 2026 40 Under 40 List

- Who Are the “Luxury Lawyers” Powering the Global Elite?
