A Gibraltar court has ordered the sale of a superyacht belonging to Russian oligarch Dmitry Pumpyansky seized in March under sanctions imposed on Moscow over of the war in Ukraine. Authorities in the tiny British enclave on the southern tip of southern Spain impounded 72-metre vessel MV Axioma following a complaint filed by US…
Authorities in the tiny British enclave on the southern tip of southern Spain impounded 72-metre vessel MV Axioma following a complaint filed by US bank JP Morgan. JP Morgan considered the inclusion of Pumpyansky on Britain’s sanctions list a breach of the loan contract since it led to the freezing of his assets.
The Supreme Court of Gibraltar ordered the yacht be sold at auction “for the highest price that can be obtained” in a ruling dated June 14 that was made public on Monday.
Source: Law Daily Report (lawdailyreport.net)
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