CAYMAN ISLANDS: NOTIFICATION INJUNCTION ALTERNATIVE TO FREEZING INJUNCTION

On 29th July, Harneys reported that the Grand Court has for the first time confirmed that the jurisdiction to grant a “notification injunction,” as an alternative to a freezing injunction, is available in the Cayman Islands.  If a freezing injunction is seen as too intrusive such that it is not just and convenient to grant such relief, a notification injunction may still be available provided the grounds for a freezing injunction are established.  A notification injunction is a variant of a conventional freezing injunction and, broadly speaking, it provides that the respondent cannot deal with or dispose of his assets without first providing advance notice of the proposed dealings to the applicant.

For a brief introduction to notification injunctions, see –

http://www.littletonchambers.com/notification-injunctions-to-preserve-assets-an-overview-by-marc-delehanty-1112/

https://www.harneys.com/our-blogs/offshore-litigation/2019/07/29/grand-court-confirms-existence-of-jurisdiction-to-grant-a-notification-injunction-in-the-cayman-islands

 

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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