The Cassation
court upheld a previous Dubai court ruling that London’s divorce bill pay-out
is unenforceable in Dubai, according to English and Arabic copies of the ruling
on August 13, provided to Reuters by Akhmedov’s spokesman.
The Dubai
Court of Cassation has rejected the appeal by Tatiana Akhmedova, ex-wife of
Russia’s richest man, Farkhad Akhmedov, to seize his super-yacht, MV Luna to
offset a £453-million-pound divorce bill imposed by London’s High Court.
The spokesman
said the court upheld that the London ruling is “contrary to Shariah, UAE
personal status law and public policy, and is therefore unenforceable in
Dubai”.
London’s High
Court in 2016 ordered Akhmedov to pay about 40 per cent of his fortune to
former wife Akhmedova.
But Akhmedov
failed to pay and the court granted a worldwide freezing order, under which MV
Luna was impounded in Dubai in 2018.
The appeals
process has ended in Dubai, but the battle for control of the yacht continues
in the Marshall Islands, whose flag the ship sails under, and regarding the
Liechtenstein entity which owns the yacht, publicly available British and
Marshall Islands court documents show.
The vessel
was built for Russian billionaire Roman Abramovich before Akhmedov bought it in
2014.
It has at
least nine decks, space for 50 crew, two helipads, a vast swimming pool and a
mini submarine.
Akhmedova is
represented by London-listed litigation funder Burford Capital.
Burford
declined to comment on the development.
No comments:
Post a Comment