Judge Orders Litigation Funder To Release £350 Million Yacht
19th Feb 2020
A judge in Dubai has ordered litigation funder Burford Capital to release a £350 million yacht at the heart of a divorce case it’s funding.
The yacht, which has two helipads, nine decks, a swimming pool, and a mini-submarine, “has become the thorniest part” of the proceedings, according to the Financial Times. The publication said Burford “has been locked in a legal battle for control of the yacht for two years” on behalf of Tatiana Akhmedova.
Burford committed £18 million to her case in return for 30 percent of the recovery. According to Farkhad Akhmedov, her now ex-husband, the funder has recovered just 1 per cent of the divorce settlement.