A piece in today’s Times:
A superyacht at the centre of Britain’s biggest divorce case will remain in a Russian oligarch’s hands after a court thwarted his former wife’s attempt to seize it as part of her £450 million settlement.
Tatiana Akhmedova’s representatives recently revealed that she had instructed a “specialist asset recovery team” to take the 115m MV Luna after Farkhad Akhmedov, 64, defied a High Court ruling to hand over the vessel.
The yacht, which her lawyers estimate to be worth £225 million, is docked in Dubai, where local court orders have repeatedly frustrated her attempts to take possession of it.
Akhmedova, 48, has accused her former husband of continually dodging her efforts to enforce a £450 million divorce award, which was handed down by the High Court in London five years ago. She is said to have received less than £50 million [J4MB emphasis: How on earth is she supposed to cope with less than £50 million? What a mean ex-husband she has!]
Last month, the High Court in the Marshall Islands ruled that the businessman must handover the yacht to his estranged wife. However, in a later ruling this month seen by the The Times, the Supreme Court of the Pacific islands overturned the earlier decision.
Akhmedov’s spokesman told The Times that “Luna is off the table”.
“The effect of the new Marshall Islands Supreme Court ruling is that any application to transfer of ownership of Luna would have to be made to the courts of Dubai where she is located,” he added.
“This is in keeping with international maritime law as acknowledged by the Marshall Islands.
“Last year, the highest courts in Dubai ruled that any transfer of Luna to Tatiana or Burford would be illegal under its sovereign laws.
“The judges’ final ruling was the culmination of two and a half years of failed legal action in Dubai by Tatiana and and her financial backers.”
In a statement issued earlier this month, Akhmedova’s representatives said that they had so far seized assets from the yacht, including a £5 million helicopter and a £1.5 million speedboat that had been customised with a 1965 Ferrari GTO steering wheel.
Lawyers representing Akhmedova’s wife have been approached for comment.
You can subscribe to The Times here.
Our last general election manifesto is here.
If everyone who read this gave us £5.00 – or even better, £5.00 or more, monthly – we could change the world. £5.00 monthly would entitle you to Bronze party membership, details here. Benefits include a dedicated and signed book by Mike Buchanan. Click below to make a difference. Thanks.
Nobody connected with J4MB has ever drawn any personal income from the party’s income streams. If you’d like to support Mike Buchanan financially, you can do so via his Patreon account or through Bitcoin, his account address is 1EfWxqDAtgJDCR3tVpvVj4fXSuUu4S9WJf . Thank you.