Wednesday, September 18, 2019

Billionaire In UK’s Costliest Divorce Wins Back £350m Yacht

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Sky News:– A Russian billionaire at the centre of the UK’s costliest divorce battle has managed to keep hold of his £350m superyacht – despite still owing his ex-wife 40% of his fortune.

Oil and gas tycoon Farkhad Akhmedov had his yacht Luna impounded in Dubai last year.

The move came after his ex-wife Tatiana won a global freezing order after he failed to hand over the £453m agreed in their divorce settlement.

However, on Wednesday the Dubai court of appeal ruled that the Dubai lower courts’ order to impound the yacht was wrong, allowing it to leave Port Rashid.

The expedition yacht, built for Russian billionaire Roman Abramovich before Mr Akhmedov bought it in 2014, has at least nine decks, space for 50 crew, two helipads, a swimming pool and a mini submarine.

The 62-year-old has refused to agree to the ruling by a British court that he must pay his ex half his fortune, claiming they were already divorced when they lived in Moscow.

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