Russian Billionaire to Lose $492 Million Yacht in Divorce - Bloomberg
▻https://www.bloomberg.com/news/articles/2018-04-19/russian-billionaire-to-lose-492-million-yacht-in-london-divorce
The yacht “Luna” built by the Lloyd shipyard in Bremerhaven, Germany
Garitzko/WP
A London court ordered the seizure of a luxury $492 million yacht owned by a Russian billionaire as judges sought to enforce one of the largest divorce payouts in U.K. history.
The court ruled that Farkhad Akhmedov should transfer ownership of the 115-meter (380-foot) MV Luna, currently impounded in a dry dock in Dubai, to his wife, Tatiana Akhmedova. The judge granted the order to uphold his earlier 453.5 million-pound ($646 million) judgment.
Judge Charles Haddon-Cave said that Akhmedov tried to hide his ownership of the Luna behind a group of companies and moved the ship to Dubai on the belief that it was “well beyond the reach of an English court judgment.” The nine deck-yacht, which has 50 crew and two helipads, was originally built for Roman Abramovich before Akhmedov purchased it in 2014.