enforcement

Enforcement of financial orders in court

The High Court heard the ongoing matter of Russian billionaire, Farkhad Akhmedov, and the enforcement of his 2016 divorce settlement. Mr Akhmedov has not paid his ex-wife any of the £453m he was ordered to pay her, following the breakdown of their marriage. Ms Akhmedov had been provided 41.5% of the matrimonial assets, valued at over £1bn during earlier proceedings.

Mrs Akhmedova’s representatives informed the court that “not a cent” had been paid to her following the earlier settlement, although “…it is clear though that assets have been moved”, as they sought to continue enforcement proceedings. The court recognised that Mr Akhmedov was in contempt of court by failing to comply with the terms of settlement and that Ms Akhmedova was prejudiced by the continued delay in this case.

At earlier enforcement proceedings, the court had previously criticised Mr Akhmedov, stating that it was apparent that he had taken “numerous elaborate steps” to hide his wealth and evade the enforcement of the judgment by concealing his assets in a “web of offshore companies”. Mrs Akhmedova has been involved in litigation “around the world” in her attempts to lay claim to her former husband’s assets.

Where a party to a order has not complied with the terms, to aid enforcement, the court may direct that an act is to be done by another person, either the applicant or someone else appointed by the court, and the costs of this will be borne by the disobedient party, without prejudice to the court’s power to order that a conveyance or other document should be executed by a nominated person. consideration should also be given to the issue if interest, costs and any potential advantage to be gained by enforcing proceedings in a different court to the court that created the original order.

Serving  Bedford and the surrounding northern villages, together with central London, our lawyers can help you with all your family law and separation matters, including the enforcement of court orders.  If you want to speak to one of our specialist solicitors, contact us on 01234 889777 or 0207 177 9777 and speak with us today.

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