Legal battle continues over ownership
A superyacht at the centre of what's being dubbed 'Britain's biggest divorce battle' was registered on the Island, it's been revealed.
Russian oligarch Farkhad Akhmedov is engaged in a battle with his former wife Tatiana, as tries to prevent her gaining access to his fortune.
However, he's now been ordered to hand over his £180 million yacht, Luna, after a judge claimed he had tried to hide it from her.
As reported in the Daily Mail, Mr Farkhad transferred ownership of the 377ft vessel - formerly owed by Roman Abramovich - between several offshore companies.
It was first registered to a company in the Marshall Islands, before being transferred to the Isle of Man, then onto Panama and Liechenstein.
However, Mr Justice Haddon-Cave said the moves were a 'deliberate mechanism' to keep the yacht away from Mrs Akhmedov, and Mr Akhmedov had remained the owner of the vessel all along.
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