Out-Law on 25th September published an article saying that businesses that are defrauded of assets by cyber criminals can obtain court orders to prevent their funds from being dispersed around the world even where the identities of the perpetrators and the actual recipients of the funds are not known, according to a landmark ruling in the UK; this says world-wide freezing orders (WFO) should be available to victims of cyber fraud in cases where they are pursuing claims against ‘persons unknown’. The High Court’s ruling was issued in July, but has only recently been published. The article says that this ruling highlights the “claimant friendly nature” of England and Wales as a jurisdiction for bringing fraud claims.
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