Russian billionaire Farhad Akhmedov and his ex-wife Tatyana Akhmedova have reached a settlement after years of legal disputes over Standard settlement amount for divorce The value of 454 million pounds ($625 million) was decided by the High Court in London in 2016.
This dispute between the former spouses became public, especially through their dispute over 115-meter luxury yacht docked in Dubai. Akhmedova had also obtained a court order requiring her son Timur to pay her more than £70m in family assets.
The terms of the settlement between the former spouses, which was concluded on Friday, are confidential, and it is not clear how much money Akhmedova will receive now.
“It was not about an amount, but about a husband fulfilling his obligation to his family,” a spokesman for Akhmedova said, rejecting the claim of a spokesman for her ex-husband that it would have been better for her not to file a lawsuit.
The newspaper “Times” that Akhmedova will receive about 150 million pounds, which will also include covering legal costs.
Akhmedova’s lawsuit was funded by the specialized litigation finance company “Burford Capital”, which said that it would receive about 103 million dollars for its efforts to implement the ruling in the amount of 454 million pounds.
It is reported that British judge Gwyneth Knowles had said in Her verdict on Akhmedova’s son Timur Last April: “The Akhmedov family is one of the most miserable families that has come to my courtroom.”
Russian billionaire Farhad Akhmedov