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A Russian businessman has won back his $436m (£330m) superyacht, the latest development in his long-running divorce proceedings.

Farkhad Akhmedov announced that a Dubai appeals court had overruled an earlier decision to seize the ship from him.

A UK court had previously ordered the former oil and gas trader to pay his wife $600m in a divorce settlement.

But the court ruled that decision was unenforceable in Dubai and the seizure of the superyacht should be cancelled.

"Mr Akhmedov is delighted but not surprised by today's court decision in favour of the Akhmedov family trust," a spokesman for the oligarch said. The statement was reported in Gulf News.

The spokesman said Mr Akhmedov's ex-wife's attempts to seize his assets were "as misguided as the original English High Court" ruling.

Full Story: BBC

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