US Seizure of Russian Tycoon’s Superyacht Delayed by Fiji Court
- Legal battle unfolds over yacht tied to sanctioned billionaire
- Claim Fiji court doesn’t have power to order seizure by the US
The luxury superyacht Amadea.
Photographer: Balint Porneczi/BloombergThis article is for subscribers only.
A US bid to seize a $325 million superyacht it says belongs to sanctioned Russian billionaire Suleiman Kerimov has been delayed by a Fijian court, extending a legal battle that’s likely to be repeated around the world as governments move to claim oligarchs’ assets.
Fiji’s Supreme Court granted Millemarin Investments Ltd., the registered owner of the 348-foot Amadea, a temporary stay on a previous ruling that would have allowed the US to seize the vessel this week, according to the Office of the Director of Public Prosecutions in the Pacific island nation, which is assisting US efforts to apprehend the ship.