Peters & Peters is pleased to report the recent judgment of Mr Justice Jacobs, handed down on 28 March 2025 following a 7-week trial last year, which dismissed all claims brought by di Montezemolo family against our client Twinkle Capital SA, a Swiss investment adviser. 

After four years of litigation, the Commercial Court’s ruling represents a vindication for Twinkle Capital against broad allegations, including claims of conspiracy and the use of the company as a façade to conceal the true nature of a Luxembourg fund—Skew Base Investments SCA RAIF.

The judgment, spanning over 300 pages, found that the fund structure was entirely ordinary and commonly used in Luxembourg. Furthermore, it confirmed that Twinkle Capital’s role as an investment adviser to the fund’s portfolio manager, VP Fund Solutions (Liechtenstein) AG, was legitimate, as was the remuneration received from the fund’s general partner, Skew Base S.A.R.L.

In relation to Peters & Peters involvement, the team was led by Keith Oliver, Vlad Meerovich, Mariya Uzunova and Louisa Keech.