A UK judge has declined to allow SCF Group (Sovcomflot)-controlled Novoship to demand payment of the full 2012 fraud judgment against Wilmer Ruperti, now that the Venezuelan businessman has paid overdue amounts on a $40m settlement.
Justice Andrew Smith, of the UK High Court’s Queen’s Bench Division, ruled that Russia’s Novoship had the right to pursue enforcement of $98m — made up of the full judgment, interest and other costs — from Ruperti while his 2013 and 2014 payments were past due.
