freezing injunction


freezing injunction
A court order preventing a defendant from dealing with specified assets. Such an order will be granted in cases in which the plaintiff can show that there will be a substantial risk that any judgment given against the defendant will be worthless, because the defendant will sell assets to avoid paying it. It is usually granted to prevent assets leaving the jurisdiction of the English courts, but may in exceptional circumstances extend to assets abroad. It was formerly called a Mareva injunction, after the 1975 case Mareva Compania Naviera SA v International Bulkcarriers SA.

Accounting dictionary. 2014.

Look at other dictionaries:

  • freezing injunction — See freezing order. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • freezing injunction — An order of the court preventing the defendant from dealing with specified assets. Such an order will be granted in cases in which the plaintiff can show that there will be a substantial risk that any judgement given against the defendant will be …   Big dictionary of business and management

  • freezing order — Also known as an asset freezing order or freezing injunction. Formerly known as a Mareva injunction. An order preventing the disposal of assets by a defendant pending the resolution of legal proceedings. Related links Civil Procedure Rules …   Law dictionary

  • injunction — in·junc·tion /in jəŋk shən/ n [Middle French injonction, from Late Latin injunction injunctio, from Latin injungere to enjoin, from in in + jungere to join]: an equitable remedy in the form of a court order compelling a party to do or refrain… …   Law dictionary

  • Mareva injunction — See: freezing injunction …   Accounting dictionary

  • Mareva injunction — See freezing injunction …   Big dictionary of business and management

  • Mareva injunction — Judicial remedies Legal remedies (D …   Wikipedia

  • Mareva injunction — a form of injunction named after the case in which it was first granted – Mareva Compania Naviera SA v. International Bulk carriers SA [1975] 2 Lloyd s Rep. 509 – under which the court freezes the assets of a resident or non resident debtor where …   Law dictionary

  • Mareva injunction — /mə rēˈvə in jungkˈshən/ (law) noun A court order freezing assets to prevent them being taken out of a country ORIGIN: After the first company to be granted such an injunction …   Useful english dictionary

  • Mareva injunction — [mə reɪvə, mə ri:və] noun English Law a court order freezing a debtor s assets to prevent them being taken abroad. Origin named after Mareva Compania Naveria S. A., the first plaintiff to be granted such an injunction (1975) …   English new terms dictionary


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