Divorce battle woman who won £453m granted further orders to help recover award

The High Court in London, where Tatiana Akhmedova has been granted further orders

The High Court in London, where Tatiana Akhmedova has been granted further orders

Thursday, April 19, 2018

A woman who won £453 million in a divorce battle in London against her Russian billionaire ex-husband has been granted further High Court orders aimed at helping her recover the award.

Tatiana Akhmedova was given a 41.5% share of businessman Farkhad Akhmedov's £1 billion-plus fortune in a ruling by Mr Justice Haddon-Cave in December 2016.

But on Thursday, the judge said it was apparent that Mr Akhmedov "has taken numerous elaborate steps to conceal his wealth and evade enforcement of the judgment".

Announcing his latest decisions in the case in London, Mr Justice Haddon-Cave said that since December 2016 Ms Akhmedova "has been involved in litigation to enforce the judgment in various jurisdictions around the world".

Her efforts had been "frustrated", but she had "achieved some success recently in the Isle of Man and Dubai".

The judge said that following a hearing in London in March, when he heard applications on her behalf for "further relief", he made a number of orders to aid her enforcement of his 2016 judgment in those two jurisdictions.

One of the orders announced on Thursday relates to the businessman's yacht, which has a capital value of £346,600,841, and an insurance value of 487,278,000 US dollars.

Mr Justice Haddon-Cave declared that MV Luna is "beneficially owned" by Mr Akhmedov, and ordered that it should be transferred into her name.

The judge said Ms Akhmedova's lawyers, Withers, discovered that the yacht had been put into dry dock for maintenance in Dubai.

This may have been because Mr Akhmedov "assumed that Dubai was well beyond the reach of an English court judgment", he said, adding: "It appears that Messrs Withers, however, knew better."

The yacht was "effectively impounded in Port Rashid where she remains under court order".

Making orders in Russian Ms Akhmedova's favour, the judge said he was satisfied that "robust and immediate relief is required in this case".