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Home News Would you approve gifts worth £40++MILLIONS into your structure? And if so, how would you justify such generosity?
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Would you approve gifts worth £40++MILLIONS into your structure? And if so, how would you justify such generosity?

14/04/2022

A Guardian investigation has found that the former owner of Chelsea passed the ownership of the $40 million 50m superyacht 'Aquamarine' to a Jersey company.

The Aquamarine is the fifth yacht recently linked to Abramovich, who was placed under sanctions by the UK and EU for his reported links to the Russian president, Vladimir Putin.

His fleet includes two megayachts worth more than $1bn, moved to Turkey after Abramovich was blacklisted, and two smaller boats currently moored in the Caribbean.

Abramovich's associate, Russian businessman David Davidovich, confirmed to the newspaper that he was the owner of

  • Aquamarine

and

  • MHC Jersey Ltd.  

MHC JERSEY LIMITED

Company Number EXTUID_313383

Native Company Number - 122055

Status - Live

Incorporation Date - 7 September 2016 (over 5 years ago)

Company Type - RC - Registered Private Company

Jurisdiction - Jersey

Registered Address - 50 La Colomberie St Helier Jersey JE2 4QB Jersey

Directors / Officers - ZEDRA TRUST COMPANY (JERSEY) LIMITED, administrator

Registry Page - https://www.jerseyfsc.org/registry/registry-entities/entity/306363

https://opencorporates.com/companies/je/EXTUID_313383

 Mr Davidovich also said he was the majority owner of

  • The British Virgin Islands-listed Norma Investments,
  • A vehicle that is listed as the only shareholder of MHC Jersey Ltd.

The Wall Street Journal earlier reported, based on securities filings, that ownership of the Norma Investments, previously believed to be controlled by Abramovich, shifted to Davidovich the day Russia invaded Ukraine on 24 February.

The restructuring was seen by experts as a way to avert the possible freezing of some of Abramovich's assets.

Norma Investments, which had been named as a company belonging to Abramovich in several public filings in the past, had served as a vehicle for venture capital investments

 

SOURCES

 

https://www.superyachtfan.com/yacht/aquamarine/

JERSEY

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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.  

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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.