This section provides background on the acquisition of the superyacht M/Y Luna by Mr Farkhad Akhmedov in February 2014, its ownership and flag state.
One of Farkhad’s key assets was a superyacht known as the M/Y Luna, which was acquired from a Mr Roman Abramovich in February 2014 for €260 million (with substantial costs being incurred on refits). Farkhad contracted to purchase the Luna in his own name in February 2014. He assigned his interest in the Vessel to an Isle of Man company called Tiffany Limited.1
The Luna is presently in Port Rashid, Dubai, where it has been since around October 2017.
In August 2015, the Luna was reregistered in the Republic of the Marshall Islands. Its registered owner remains Straight Establishment (to whom it was transferred in March 2017).