Superyacht Luna Owner Russian Oligarch Farkhad Akhmedov Retains Ownership: The $436 million superyacht belonging to a Russian billionaire as been released by a Dubai court after being impounded last year as part of one of the world’s costliest divorce battles.
Originally, Russian oligarch Farkhad Akhmedov was ordered by the London High Court in 2016 to pay his ex-wife, Tatiana Akhmedova, approximately 40% of his fortune in one of the largest divorce settlements in history. Akhmedov, however, failed to pay the $594 million divorce settlement, causing the London court to grant a worldwide freezing order of his assets, under which is superyacht Luna was impounded in Dubai. The judgment stated the Ahkmedov had attempted to ring-fence some of his assets, including Luna, from U.K. courts, thereby restricting his ex-wife’s access to his global assets.
Built by German shipyard Lloyd Werft and launched in 2010, the 115-meter explorer superyacht was originally built for Russian billionaire Roman Abramovich. Akhmedov bought her in 2014 and accomplished an extensive refit of the vessel that has nine decks, two helipads, a vast swimming pool and space for 50 crew.
The Dubai Court of Appeals has ruled that the country’s lower court order to impound the yacht was wrong, but lawyers acting for Tatiana Akhmedova called the ruling a procedural decision and said the case has been referred to another Dubai court for a further hearing.
In a statement, Ahkmedova’s lawyers said she will continue to pursue her claims in the Dubai Courts and is bolstered by a recently successful measure in British Courts to secure Luna.
Akhmedov said he and his ex-wife, who married in 1993, were divorced in Russia in 2000, yet in 2012 she filed a divorce petition in British courts. Akhmedov’s net worth is estimated at $1.4 billion. He is on the U.S. Treasury Department’s list of sanctioned Russian oligarchs and state-owned companies with tie to Vladimir Putin.
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