Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Russian Tycoon Loses Appeal to Stop US Megayacht Seizure in Fiji

May 27, 2022, 7:46 AM

The Russian owner of the $325 million superyacht linked to gold billionaire Suleiman Kerimov lost an appeal in the legal challenge to the US seizure of the ultra-luxury vessel in Fiji.

Fiji’s Court of Appeal on Friday dismissed the petition by the megayacht’s legal owner, Millemarin Investments Ltd., to contest a court decision earlier this month that allowed the US and local authorities to seize the Amadea in the South Pacific island nation.

Follow the Amadea’s journey here.

The case highlights the legal tussles that are likely to unfold as countries, including the US, Spain and Germany go after ...