Open

Coming up

Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

Yezid Sayigh, Senior Associate at the Carnegie Middle East Center in Beirut

Read more

#TECH 24

Mind the Gender Gap : getting more women into the tech sector

Read more

INSIDE THE AMERICAS

Bolivian children: heading to work aged 10

Read more

WEB NEWS

Israel and Hamas battle online over public opinion

Read more

FOCUS

Can Chancellor Merkel's winning streak last?

Read more

FOCUS

Hunger in a fertile land...

Read more

DEBATE

Nigeria: One Hundred Days and Counting (part 2)

Read more

DEBATE

Nigeria: One Hundred Days and Counting

Read more

MEDIAWATCH

'Why Are So Many Children Dying in Gaza?'

Read more

  • Air Algerie ‘lost contact’ with flight leaving Burkina Faso

    Read more

  • Two foreign women shot dead in western Afghanistan

    Read more

  • At least 60 killed in attack on prison convoy near Baghdad

    Read more

  • Sudanese Christian woman sentenced to death arrives in Italy

    Read more

  • Cycling is ‘winning the war on doping,’ says expert

    Read more

  • Ceasefire agreed for Central African Republic

    Read more

  • In pictures: Thousands march for Gaza peace in Paris

    Read more

  • Can Jew-kissing-Arab selfie give peace a viral chance?

    Read more

  • France charges Swiss bank UBS with tax fraud

    Read more

  • Israel faces heightened diplomatic pressure as Gaza violence rages

    Read more

  • Botched Arizona execution takes nearly two hours

    Read more

  • Bomb attacks leave scores dead in north Nigeria

    Read more

  • Netherlands holds day of mourning for victims of flight MH17

    Read more

  • Two Ukrainian fighter jets shot down over rebel-held territory

    Read more

  • Ryanair ordered to pay back €9.6m in illegal state aid to France

    Read more

France

French court places L’Oreal heiress under guardianship

Text by News Wires

Latest update : 2012-08-02

A French court ruled Monday that L’Oréal heiress Liliane Bettencourt be placed under guardianship, according to a lawyer for her daughter, who sparked a bitter dispute by claiming her mother was mentally unfit to manage the family fortune.

AFP - L'Oreal heiress Liliane Bettencourt, 88, is to be placed under the guardianship of family members, the lawyer of her estranged daughter Francoise Bettencourt-Meyers said Monday after a court hearing.

Billionaire Bettencourt, whose mental health is reportedly declining, will be placed under a grandson's guardianship and her wealth and property under that of her daughter Francoise and two grandsons, Charlotte Robbe-Phan said.

Bettencourt is on L'Oreal's board of directors but since family members are to be her guardians the court's decision should have little impact on the running of the cosmetics giant.

The Bettencourt mother and daughter have been at the centre of a very public feud over the fate of France's third-largest family fortune.

The website of newspaper Le Monde on Monday quoted a medical report for use by the court as saying that Bettencourt was suffering from "mixed dementia" and "moderately severe" Alzheimer's disease.

Bettencourt "suffers from cognitive difficulties evidenced by temporal disorientation, memory problems, reasoning difficulties and aphasic elements," Le Monde quoted the report as saying.

The report said Bettencourt "presents with Alzheimer's disease at a moderately severe level with a possible vascular participation" and that she is in the midst of a "slow and progressive process of cerebral degeneration."

Bettencourt-Meyers has argued that her mother is mentally unfit to manage her estimated 16 billion euro ($20 billion) fortune.

In an interview published in Sunday's Journal du Dimanche, Bettencourt threatened to leave France if her daughter manages to place her under her guardianship.

"If it's that, I will go abroad. If my daughter looks after me I would feel stifled. If it's her, I will leave," she said.

Bettencourt-Meyers has alleged that people close to her mother, including celebrity photographer Francois-Marie Banier, took advantage of the heiress.

Banier was Bettencourt's sole named beneficiary in a will drawn up in December 2007. But Bettencourt broke with Banier earlier this year, cutting him out of her will and depriving him of an estimated 1.25 billion euros.

Mother and daughter have been involved in legal battles for three years.

Date created : 2011-10-17

  • FRANCE

    L'Oreal heiress scandal is back in the headlines

    Read more

  • France

    Billionaire Bettencourt reconciles with daughter

    Read more

  • FRANCE

    L'Oreal heiress sues estranged daughter over 'psychological abuse'

    Read more

COMMENT(S)