UK court docket orders Russian oligarch handy over superyacht in divorce combat

LONDON (Reuters) – A Russian billionaire has been ordered by a court docket in London handy over a 350 million-pound ($500 million) superyacht to his spouse as a part of Britain’s biggest-ever divorce battle.

Justice Haddon-Cave on the High Court dominated that Farkad Akhmedov, 62, had used evasive and underhand techniques to maintain the yacht past the attain of the English courts and keep away from paying his spouse, Tatiana Akhmedova, 41.

The 377-foot “Luna” was purchased by Akhmedov in 2014 from fellow Russian oligarch and Chelsea soccer membership proprietor Roman Abramovich.

The court docket heard that the yacht, at present in Dubai, is the second largest expedition yacht within the world.

It is fitted with an anti-missile system, has a mini-submarine connected and boasts a 20-metre swimming pool, the most important of any superyacht within the world.

Akhmedov offered Luna in December 2014 to an offshore company primarily based in Panama.

But the choose stated on Thursday it was clear that company was a “mere cipher” of Akhmedov, and that the sale was a method of protecting the luxurious asset out of his spouse’s attain.

The couple married in 1989 and moved to London in 1993 the place Tatiana Akhmedova raised their two sons.

In 2016, the court docket awarded her 453 million kilos due to her “equal contributions to the welfare of the ­family.” The determine, the most important sum ever awarded for a divorce settlement in Britain, made up 41.5 p.c of Akhmedov’s estimated 1.three billion-pound fortune.

Akhmedova says nonetheless he has not paid the cash and she or he was looking for an order stopping him from concealing property.

Reporting by Tom Ball; enhancing by Stephen Addison

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