One of the world’s priciest divorce battles is ongoing and much of it hangs on a super yacht docked in Dubai.
An AED1.6 BILLION super yacht that is…which currently belongs to Russian oligarch Farkhad Akhmedov.
Akhmedov, who was featured on Forbes 2016 list of billionaires in the oil and gas industry, is embroiled in a divorce battle with his former wife Tatiana. In a case that will make history, Akhmedov was forced to sell his AED21 million helicopter, however he’s clinging onto ‘Luna’, his super yacht with reports suggesting he’s refusing to let go of the luxury yacht because its Dubai location should be out of UK court jurisdiction.
Luna is docked in Port Rashid, Dubai
The sale of the chopper was the first payment Ms Akhmedov received
The sale of the chopper and transfer of cash to Tatiana marks the first payment of the total settlement. Tatiana was originally granted AED2.04billion by a London High Court in 2016.
Akhmedov, a prominent oil and gas tycoon has thus far refused to hand over the yacht. In November a claim to freeze Mr Akhmedov’s UAE assets was denied in a UAE court.
Ms Akhmedov’s lawyers found the decision to award the price of the helicopter as a positive step in the journey of the ongoing battle.