Thursday, October 28, 2021
HomeUKAuthorized financiers paid £75m for function in Russian billionaire divorce battle

Authorized financiers paid £75m for function in Russian billionaire divorce battle


he financiers who backed the ex-wife of a Russian billionaire in her Excessive Court docket divorce battle have acquired 103 million {dollars} (£74.6 million) for his or her function within the excessive profile case.

Burford Capital, which funds claimants in authorized disputes with the purpose of taking a minimize of any settlement, informed the London Inventory Change it has acquired “its full money entitlement… in respect of the Akhmedov matter”.

The corporate revealed it expects the case will add 20 million {dollars} (£14.5 million) to working income this yr.

Russian housewife Tatiana Akhmedova had her authorized motion funded by Burford Capital (Yui Mok/PA) / PA Archive

Burford funded Tatiana Akhmedova via London’s Excessive Court docket, the place a decide granted a divorce payout of about £450 million.

From Russia however residing in London, she was awarded a 41.5% share of ex-husband Farkhad Akhmedov’s £1 billion-plus fortune by Mr Justice Haddon-Collapse late 2016.

Mr Akhmedov didn’t pay and Ms Akhmedova took authorized motion in Britain and overseas in a bid to hint and seize his property.

In preparation for the case, Ms Akhmedova mentioned she has employed an asset restoration group, which incorporates former members of the Royal Navy’s Particular Boat Service.

In Might her spokesman revealed property price hundreds of thousands of kilos, together with a helicopter and speedboat, had been recovered.

Temur Akhmedov, the son of Ms Akhmedova, was accused to hiding his father’s wealth from his mom (Yui Mok/PA) / PA Archive

On the time, the spokesman mentioned Ms Akhmedova additionally thought she was ready to put declare to a superyacht, the Luna which is price greater than £200 million and moored in Dubai.

He mentioned a court docket ruling within the Marshall Islands, the place the yacht is registered, had paved the way in which for the possession to be transferred.

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