Category: Injunction

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Worldwide freezing order against Saudi national discharged

In Les Ambassadeurs Club Ltd v Albluewi [2020] EWHC 1313 (QB), the High Court discharged a worldwide freezing order (WFO) obtained by a casino against its customer in finding that the claimant had failed to establish a real risk of dissipation of assets and that there had been material non-disclosures which were directly relevant to the risk.

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Case Study: Supreme Court rules on Reflective Loss in Sevilleja v Marex Financial Ltd

This decision confirms the rule against reflective loss as an important tool to protect the payment waterfall for unsecured creditors in the event of a company’s insolvency.

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Urgent Injunctions: Can I apply to the court for a freezing order during Covid-19?

During the lockdown, many businesses have moved to online and remote working. Action Fraud reports daily on coronavirus-linked fraudulent activity including phishing and online hacking scams. As companies continue to suffer financially, now more than ever, parties require the assistance of the court should an urgent injunction be necessary.