The owner claims to be dismayed at the latest decision that means Yuri Nikitin will not have to repay the $153.3m he subsequently made from trading the ships.
Vladimir Mednikov, an advisor to chief executive of OAO Sovcomflot, said in a statement issued to TradeWinds: “In our view this is entirely wrong, as a matter of principle, and it sends a disturbing message from the English Courts that effectively ‘crime pays’.”
He
