A ruling handed down by a higher court on Monday said it overturned the earlier ruling and referred it for a retrial.
The decision means the Tate brothers will be able to return to court and mount a new legal effort to reclaim their seized assets.
Two companies, SC Ground Breaking Development SRL and The Cannon Run Limited, were listed alongside the Tate brothers as parties in the appeal.
In a post on his official Twitter account, Andrew Tate said a court will now have to demonstrate the wealth was acquired illegally in order to justify the ongoing seizure, adding: "They won't prove a thing because it never happened."