okay welcome back to the channel if you haven't seen my previous videos on this matter i've
added a links in the description below but let's recap, so Russian business tycoon Farkad Akhmadov
was ordered to pay approximately 40% of his one billion pound plus fortune to his
ex-wife Tatyana Akhmadov by London's high court in December 2016- the English high court ordered
Mr. Akmadov to pay his estranged wife 453 million pounds in a divorce settlement that included the
transfer of cash property comprising a modern art collection helicopter, private jet and the
super yacht motor yacht Luna in one of the largest divorce settlements in legal history
but Mr. Akmandov failed to pay the 453 million pounds or 594 million dollars and as a result the
London court granted a worldwide freezing order Mr. Akmadov instructed the yacht to leave the EU
and head to the middle east thinking this would put the yacht out of the reach of this order
however Mr. Akhmadov's super yacht was impounded in Dubai in 2018 and it looked like he was
going to lose the 115 meter superior worth approximately 350 million dollars
however after over a year of court battles which saw the yacht stranded in the United Arab Emirates
senior judges in Dubai eventually declared the UK court judgement awarding 453 million pounds
to Tatiana Akhmadova should not have been enforced in U.A.E. after the ruling
Mr Akmadov promptly filed a counter lawsuit against his ex-wife for damages so the latest
twist in this story is that the counter claim by Mr Achmadov for damages against his
ex-wife were dismissed by the Dubai court as they ruled in favor of Mrs. Akmaodova saying the claim
for loss of opportunity and moral damages was groundless this was on the basis that the yacht
was wrongfully arrested and was therefore unable to charter for 37 weeks thus accruing a loss of
49.5 million pounds or 64 million dollars however Mr Akhmadov's team sued for 177.5 million pounds
or 230 million dollars Tatiana Akmadova's legal team stated that any claims for lost charter fees
were contrary to previous declarations that the vessel was a non-commercial yacht and could not
be used for financial gain the claim by tatiana Akmadova's team is true as motor yacht Luna was taken
out of class in 2015 and re-registered in the Marshall Islands as a private yacht this prohibits
the owner from chartering the vessel for more on class see my recent video on the subject links in
all the usual places the Akmadov family trust is now the registered owner of the luxury yacht Luna
however this trust can be traced back to Mr. Akhmadov and was seen by the courts as a way to
prevent the UK cause from being able to freeze the vessel on the 1st of November 2020 -"The Daily Mail "
reported that Miss Akhmadova raided her own son's Hyde Park home with a team of lawyers trying to
find evidence his son helped her ex-husband hide his fortune in Britain's most expensive divorce
the 30 million pound home in the most prestigious address in london was ransacked by a team wearing
masks and gloves who ripped up floorboards and rifled through clothes trying to find proof that
his son, Timor Akhmadov helped his father hide money from her Timor no longer lives at the address
and the 27 year old's ex-partner and 4-year-old son live there according to "The Daily Mail" article
friends of the sun said he is outraged by the behavior of his mother and her lawyers describing
it like something out of the old Soviet Union one friend said the flat was left looking like
a crime scene mobile phones memory sticks and even a peppa pig game were seized by the team acting on
the orders of the high court -"The Daily Mail" also claims that she has received only 5 million pounds
in the settlement however she was awarded a 25 million pound home in Surrey and also proceeds
from the seizure of a helicopter that was flown from Luna and later sold off as the court case
came to an end in the flag state of the Martial Islands, Akhmadov was so sure the decision would go
against him that shortly before the court decision he allegedly fired the entire crew of Luna to
make it impossible for the ex-wife to be able to move the vessel if she was given control however
the court actually sided with the ex-husband so fast forward a few months and after almost
5 years of fighting in which time his motor yacht Luna has been seized
in Dubai for over 3 years Farkad Akhmadov has finally reached an agreement with his ex-wife
Tatyana Akhmadova the agreement is to pay Miss Akhmadova 135 million pounds to settle their divorce
it's worth noting at the initial divorce settlement he offered his ex-wife 150 million
to settle the court case this was 5 years ago this is a win for Mr Ahmadov money-wise
but a loss in pretty much every other way the stress on everyone concerned the loss of the
use of his pride and joy "Luna" for over 3 years using his son to help hide his fortune
from the reaches of his ex-wife has caused untold stress for Miss Akhmadov and his son's relationship
judge Gwyneth Knowles when ordering son Timor to pay his mother 75 million pounds in money
that he had been hiding for his father said of the family the Akhmadov family is one of the
unhappiest ever to have appeared in my courtroom and not to forget the crew of m/y Luna who
had their passports taken in Dubai when the vessel was seized had no pay for many months
as the owner stopped paying for the vessel when he thought he would lose it the crew allegedly
had no money for provisions either and where for a time being helped by British Seamen Union with food
i'm sure many of the original crew left the vessel once they did finally get their passports back
knowing the vessel was in an unknown status for all that time
so it's a win in terms of money yes but in terms of everything else it's a loss
so now he will get his vessel back but i'm sure she will need millions of dollars spent to get
his seaworthy again the good news from all of this is at least for super yacht lovers
we'll surely once again in the future get to see motoryacht t Luna sitting up the coast of France
outside his villa in Cap Ferrat that's assuming he actually pays his ex-wife the money he owes it
what do you think of this story? let's talk about it in the comments
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you