On June 7, the UAE’s highest court put an end to the dispute between…

On June 7, the highest court of the UAE put an end to the dispute between Ilya Kligman and Alibek Issaev regarding the assets stolen by Issaev from Kligman, which we wrote about earlier. All of Issaev’s petitions were rejected, counterclaims were annulled, and the decision in favor of Kligman entered into force, without the right to defer execution. Warrants for the arrest of Issaev himself and his property have already been issued. In addition to the amount that Issaev must immediately return
(in the final version of the court decision, amounting to about $ 70 million), Kligman has the right to recover not only the stolen funds, but also compensation for damages for stolen business assets, the value of which, according to previously provided estimates by Issaev’s own lawyers, was no less $400 million. It is obvious that Issaev will face new claims, which will be carried out in a much more accelerated manner, and for significantly larger numbers.