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The Luna is believed to be one of the world's most expensive superyacht of its kind.

PHOTO BY SUPPLIED


Court rules on billionaire’s $540m superyacht impounded in Dubai

 

DUBAI – A London High Court has issued a ruling on the case of a $540 million superyacht now impounded in Dubai.

The Luna was seized in Dubai in February as part of a divorce case between Russian billionaire Farkad Akhmedova and his ex-wife Tatiana Mikhavilovna Akhmedova.

The ship is currently in the dry docks of Dubai’s Port Rashid. Akhmedova’s lawyers are reportedly providing for its 50 crew members stranded in Dubai.

On Thursday, a London High Court judge ruled that the Luna be immediately transferred to Tatiania’s name.

Justice Haddon-Cave’s judgement is the latest in a string of court orders to recover a $641-million divorce settlement awarded to Tatiana two years ago.

Tatiana’s lawyers said earlier this year that she has yet to receive proceeds from the divorce settlement. Parties working on her behalf have reportedly been searching the globe for her ex-husband’s assets.

Last week, Farkad’s family trust, Straight Establishment, won the right to appeal the ships seizure at the Dubai International Financial Centre (DIFC) Courts.

However judge Haddon-Case on Thursday said he believed that Farkad moored the superyacht in Dubai’s dry docks to place it “well beyond the reach of an English Court judgement”.

He also said Farkad’s actions were “deliberately to make enforcement of the judgement against [Mr Akhmedov]”.

The Luna is believed to be one of the world’s most expensive superyacht of its kind, with nine decks, two helipads, 10 VIP rooms and one of the world’s largest swimming pools on a superyacht. GAD/Expat Media

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