FREEZING INJUNCTIONS

Law firm HFW has produced a Client Guide which outlines the key points to consider when obtaining or receiving the English court “freezing injunction” (previously known as a Mareva injunction): a powerful tool for any party seeking to prevent assets being dissipated prior to enforcement of a judgment or arbitration award.   It describes a freezing injunction as being a court order which, subject to certain permitted activities prevents a party from using, or disposing, of their assets – so that it effectively freezes them at the time of the court order ensuring that they remain available to satisfy a future judgment.  Freezing injunctions can also be ordered in arbitration proceedings to secure any award, where the seat of the arbitration is England, and whether or not the assets are within the jurisdiction of overseas.

http://www.hfw.com/downloads/001226-HFW-Client-Guide-Freezing-Injunctions.pdf

hfw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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