The case has highlighted the thorny legal ground the U.S. finds itself on as it tries to seize assets of Russian oligarchs around the world. Fiji's Court of Appeal on Friday dismissed an appeal by Feizal Haniff, who represents the company that legally owns the superyacht Amadea. Kerimov made a fortune investing in Russian gold producer Polyus, with Forbes magazine putting his net worth at USD 16 billion. The ship became a target of Task Force KleptoCapture, launched in March to seize Russian oligarchs' assets to pressure Russia to end the war. Haniff, who represents paper owner Millemarin Investments, argues the owner is another wealthy Russian who doesn't face sanctions, Eduard Khudainatov.

Source: Forbes May 27, 2022 18:38 UTC