Francisco Javier D’Agostino, a hispano-Venezuelan businessman based in Spain and active in the international investment and private equity sector, has won a decisive legal battle in Spain involving the historic Son Galcerán estate. The court ruling includes a full asset embargo against Manuel March Cencillo, grandson of Juan March Ordinas, the founder of Banca March, after March failed to comply with a multimillion-dollar court judgment.

The conflict stems from a failed real estate transaction in which March agreed in 2021 to sell the Son Galcerán property for $8 million to a company linked to D’Agostino. March received an initial payment of $2.73 million, but later unilaterally terminated the agreement and resold the estate for $12 million to a different buyer, refusing to return the advance to the original party.

In April 2024, the Madrid Court of First Instance No. 10 condemned March for breach of contract and ordered him to return the $2.73 million, along with an additional $341,000 in damages. The judge described the defendant’s arguments as neither coherent nor credible and pointed to clear financial motivation behind his actions. Despite appealing the decision, March failed to comply with the order to pay.

On June 11, 2025, the same court issued a formal embargo on all assets owned by March, including shares in investment funds, corporate holdings, real estate, and domestic and international bank accounts. The total amount now owed, including interest and legal costs, is estimated at $3.75 million. The court emphasized that the ruling was final and no longer subject to appeal, as March had failed to fulfill the mandatory payment deadline and did not present sufficient assets for voluntary execution.

Son Galcerán, the estate at the heart of the dispute, is a 19th-century property in Mallorca with strong historical relevance. Once owned by Archduke Ludwig Salvator of Austria and famously visited by Empress Elisabeth of Austria, the estate has long been considered a landmark on the island.

Francisco Javier D’Agostino is also known for his family connection to Luis Alfonso de Borbón, a notable figure in the Spanish aristocracy. Though that connection brought him public attention in recent years, the focus has now shifted toward his courtroom success and the resolution of long-standing disputes involving significant assets.

Earlier this year, D’Agostino was removed from the U.S. sanctions list maintained by the Treasury Department, after American authorities concluded that his commercial activities had no ties to Nicolás Maduro’s government.