After a London court ordered the seizure of his luxury $492 million yacht, a court in Dubai has now thrown a lifeline to Farkhad Akhmedov, the Russian billionaire at the centre of one of the largest divorce payouts in U.K. history. “I am delighted to hear about my family trust’s historic victory at the DIFC Court of Appeal,” Akhmedov told the Mail after the Dubai ruling. In the final days of the court proceedings, the billionaire changed his ownership of the Luna to another of his companies. He blamed cynical lawyers for later filing for divorce in London, and U.K. politics for the court’s decision. He said British judges were abusing the courts in Dubai, and linked the situation to bad relations between U.K. ministers and Russian President Vladimir Putin.

Source: National Post May 10, 2018 14:48 UTC