$450 Million Superyacht in Divorce Case Freed to Leave Dubai
- Dubai Court dismisses attempt to enforce U.K. Akhmedov order
- Burford stood to gain 30% of recovery in superyacht fight
MV Luna superyacht
Photographer: Mustafa Ciftci/Anadolu Agency/Getty Images
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A $450 million superyacht at the center of London’s largest divorce fight may be finally allowed to set sail from a Dubai port, dealing a setback to litigation funder Burford Capital Ltd.
The 115-meter (380-foot) MV Luna has been holed up in Dubai while lawyers for Russian oligarch Farkhad Akhmedov fought a U.K. court order that transferred it to his ex-wife. Dubai’s Court of Appeal dismissed Tatiana Akhmedova’s attempt to enforce the British ruling last week, saying it was contradictory to Islamic sharia law.
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$450 Million Superyacht in Divorce Case Freed to Leave Dubai