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ARTICLE · 29 APRIL 2020

UK High Court Overturns Unexplained Wealth Orders

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On 8 April 2020, the High Court of Justice in London overturned three Unexplained Wealth Orders (UWOs) following applications by the respondents to those orders.

United KingdomLitigation, Mediation & Arbitration
Tanja Dimitrijevic
Tanja Dimitrijevic
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On 8 April 2020, the High Court of Justice in London overturned three Unexplained Wealth Orders (UWOs) following applications by the respondents to those orders.

The UWOs were obtained in May 2019 over three properties in London, collectively worth £80 million. The properties were held by offshore companies, but the listed beneficial owners were the ex-wife and the son of Mr. Rakhat Aliyev, a former senior official of the government of Kazakhstan, who died in prison in 2015 awaiting trial for multiple criminal charges of money laundering, as well as the alleged kidnap and murder of two Nurbank employees. The National Crime Agency (NCA) argued that the properties in question were acquired from the proceeds of the unlawful conduct of Mr. Rakhat Aliyev, as a means of laundering the proceeds of crime.

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