Sentences with phrase «asset freezing orders»

This suggests that the Myanmar courts would only enforce monetary judgments, at least from a procedural perspective, and that judgments in rem, such as relating to injunctions, including foreign asset freezing orders and specific performance, would not be enforced.

six major Hollywood studios securing ex parte civil search orders, asset freezing orders and interim injunctive relief which took down the world's largest online piracy operation, Popcorn Time

In Khrapunov v. JSC BTA Bank [2017] EWCA Civ 40, a unanimous Court of Appeal has ruled as strongly arguable a claim of a conspiracy to injure by unlawful means, where the unlawful means consist in a breach of a worldwide asset freezing order («WFO»).

Not exact matches

Moreover, the same order from Judge Zobel also froze assets related to three relief defendants: Kimberly Renee Benge, Barbara Crater Meeks, and Erica Crater, all of whom have been linked to the company and whom allegedly received customer funds «without providing any legitimate services to clients and without any interest or entitlement to such customer funds.»

Based on its filing, the SEC obtained an emergency court order to freeze the assets of PlexCorps, Lacroix, and Paradis - Royer.

The government's hardball tactics included an administrative order freezing the partnership's assets, a move that brought Kaye, Scholer quickly to its knees.

When they now have access to all those previously - frozen assets, you can expect more of their true feelings to become known now that they no longer need to hide their hate in order to get money.

There's one bank account that Manhattan US Attorney Preet Bharara can't get his asset - freezing fingers on as he plans a likely multimillion - dollar restitution order against Sheldon Silver: the pol's campaign war chest, which Silver can continue to use to pay legal fees.

For withholding asset to the Currency Conversion (Freezing Orders)(Amendment) Bill 2016, the Acting President said, «The rationale for withholding assent to the bill is the concern regarding modalities for the communication of asset forfeiture orders.&Orders)(Amendment) Bill 2016, the Acting President said, «The rationale for withholding assent to the bill is the concern regarding modalities for the communication of asset forfeiture orders.&orders.»

«It observes also that Mr. President withheld assent to the Currency Conversion (Freezing) Orders Act (Amendment) Bill on the concern regarding modalities for the communication of Asset forfeiture.»

All assets under the defendants» control are frozen by an emergency court order and Lanzana and Masanko are prohibited from «destruction or concealment of their books and records».

In May 2012, the court had to freeze his assets and issue a restraining order, in response to what they viewed as continued violations of the injunction.

As a result, by mid-2016 Chinese banks started to apply stricter rules on international money transfers and one Chinese bank want as far as obtaining a B.C. court order to freeze the assets of a businessman that they accused of «fleeing China and buying «luxury» Lower Mainland homes [using] a defaulted $ 10 million loan.»

The purpose of a freezing order is normally to preserve assets in the jurisdiction pending determination of the claim.

To support this, the team has wide experience in search and seizure orders, freezing injunctions, proprietary injunctions and other options to gain competitive advantage in a litigious situation and prevent the dissipation of a defendant's assets.

MIC sought to enforce this judgment debt against Naftogaz's assets in England by obtaining (i) a freezing order against Naftogaz in relation to its shares in a UK oil company; (ii) a default judgment against Naftogaz in the sum of such debt («English Default Judgment»); and (iii) a third party debt order requiring share dividends due to Naftogaz to be paid instead to MIC and also a charging order in favour of MIC in respect of such shares.

In reaching this decision, the Jersey Royal Court has demonstrated not only that it will take an innovative and pragmatic approach to ensure that freezing orders are effectively policed, but also that it will assist foreign courts in the enforcement of judgments by ordering judgment debtors within its jurisdiction to make disclosure of their worldwide assets.

Mr Maksimov was accused of dealing with assets in breach of worldwide freezing orders that had been granted against him and companies associated with him in support of claims for more than US$ 200 million brought in LCIA arbitration proceedings.

He has also recently been in major disputed contempt proceedings, representing Mr Sergei Maksimov, the former President and majority shareholder of VAB Bank, formerly a leading Ukrainian bank, in contempt proceedings relating to worldwide freezing orders and allegations of non-disclosure and dealing with assets in breach of the orders.

He has considerable experience of civil fraud and asset tracing, having acted in a number of major disputes in this area in the last 5 - 6 years, including experience of interim applications such as freezing orders, pre - and post-judgment receivers, Norwich Pharmacal and other disclosure orders in the asset - tracing context, and committal applications.

VAB Bank v. Maksimov: representing Mr Sergei Maksimov, the former President and majority shareholder of VAB Bank, formerly a leading Ukrainian bank, in contempt proceedings relating to worldwide freezing orders and allegations of non-disclosure and dealing with assets in breach of the orders.

Indeed, an enforcement action can result in court - ordered receiverships, temporary restraining orders (TROs), preliminary and permanent injunctions, asset freezes, disgorgement, severe monetary penalties, officer and director bars, penny stock bars, and administrative orders barring individuals or entities from the securities industry.

Where the Jersey Court has in personam jurisdiction over the judgment debtor, such disclosure orders could be granted in respect of a judgment debtor's worldwide assets, even if only assets within the jurisdiction had been frozen **.

The «excellent» Fabio Trevisan is recommended for his considerable experience obtaining and enforcing freezing orders to recover assets.

ENRC then applied to the Royal Court of Jersey ex parte for an order freezing Zamin's assets and requiring Zamin to answer a number of questions about its assets and assets held by its subsidiaries.

Our expertise in the pursuit and defence of civil fraud claims, particularly in the commercial context, extends from the early advisory stages and the obtaining (or resisting) of urgent freezing and search order relief (including dealing with the cross-jurisdictional issues that may arise and enforcement through applications for contempt and other measures), through to trial and the tracing and recovery of assets both in the UK and internationally.

Mr Maksimov was accused of dealing with assets in breach of worldwide freezing orders that had been granted against him and companies associated with him in support of claims for -LSB-...]

And the more radical the relief sought, such as orders freezing assets, the more formal all the approaches are going to have to be.

Hot on the heels of Exxon Mobil's failure to hang on to the $ 12bn worldwide freezing injunction ordered by the English court against PDVSA, the Venezuelan national oil company, an attempt at freezing the assets of the Republic of Bolivia and its telecommunications company, Entel, has recently been thrown out by the English court.

The court discharged the freezing order having found, on the facts, that it should not exercise its jurisdiction because Mobil could not demonstrate that: PDVSA's conduct in relation to the assets was unjustified, ie a risk of dissipation; the case was one of urgency; there was a connection between the dispute or the parties and this jurisdiction (there was never any suggestion of fraud); or that PDVSA had assets in the jurisdiction.

Adrian Altshuler acts quickly to counter this kind of activity by petitioning the court for orders that freeze marital assets until they can be distributed equitably.

He has extensive experience of trials (including a 12 - week fraud trial in the Commercial Court), interim applications (including freezing orders, Norwich Pharmacal and other disclosure orders, and cross-examination on assets), contempt of court and committal applications, and post-judgment measures for enforcement and asset recovery.

The application for a freezing order may be made on notice to the other party, or without notice if there is great urgency or if it is felt that by giving the other party warning he or she may seek to dissipate the assets.

We use state of the art, innovative legal tools such as Mareva Injunctions to freeze assets and Anton Piller Orders (civil search warrants) to ensure the necessary evidence is preserved.

His cases have included contested winding - up proceedings / shareholder disputes / protection; worldwide freezing and disclosure orders in respect of large scale fraud; company law, property and contractual disputes; trust disputes; breach of directors» duties / breach of fiduciary duties / recovery of assets; advising on Cayman Islands «STAR» trusts / transactions to defraud creditors.

(i) A freezing order will be granted more readily after judgment than before; it is sufficient for the grant of relief that there is a real risk that the judgment will remain unsatisfied if injunctive relief is refused; (ii) there is no reason why the court should not exercise a power to appoint a receiver by way of equitable execution over future receipts from a defined asset.

During the course of litigation, Laiken obtained a very broadly worded ex parte Mareva order freezing the assets of Sabourin and other named defendants which included enjoining any others «with knowledge of this Order» to «prevent the sale, disposition, withdrawal, dissipation, sale, assignment, dealing with, transfer, conveyance, conversion, encumbrance or diminishment» of the assets, specifically including money held in «trust accounts&raorder freezing the assets of Sabourin and other named defendants which included enjoining any others «with knowledge of this Order» to «prevent the sale, disposition, withdrawal, dissipation, sale, assignment, dealing with, transfer, conveyance, conversion, encumbrance or diminishment» of the assets, specifically including money held in «trust accounts&raOrder» to «prevent the sale, disposition, withdrawal, dissipation, sale, assignment, dealing with, transfer, conveyance, conversion, encumbrance or diminishment» of the assets, specifically including money held in «trust accounts».

We are well - known for our experience in the seeking and obtaining of asset freezing injunctions that affect assets held overseas and we understand exactly how to address the question of enforcement of English court orders abroad.

They have been used to assist in preserving evidence (Anton Piller order, a.k.a. civil search warrant) and to prevent disposition of assets which may later be required to satisfy a judgment (Mareva injunction, a.k.a. freezing order).

For a successful result, the applicant must prove that there is a good arguable case, there must be a real risk of dissipation of assets which is often difficult to prove, and it must be just and convenient to grant the freezing order.

In a bankruptcy, insolvency practitioners» powers include the court - sanctioned ability to: interview under compulsion; search and seize property associated with fraud; obtain freezing orders on assets; overturn transfers of assets to third parties; obtain passport orders to prevent bankrupts from leaving the country; and order the delivery up of records.

For individuals or companies whose accounts or assets have been ordered frozen, the order may result in adverse financial and personal consequences in connection with disposal of assets, living expenses, negative publicity, and asset disclosure.

Rebecca Wales Qualified: 2005 Made partner: 2016 Key cases: Acting for State Corporation Deposit Insurance Agency, the liquidators of JSC Mezhdunarodniy Promyshlenniy Bank, to bring claims and obtain a worldwide freezing order against Sergei Pugachev, the bank's former ultimate beneficial owner, freezing # 1.17 bn of his assets.

Paul has extensive experience in commercial fraud investigations and cases, and asset tracing actions, having been involved in some of the seminal «Mareva» or worldwide freezing order cases

A freezing order can be sought at any time in order to prevent a defendant from disposing of assets before enforcement.

The plaintiff, conversely, submits that Canadian provincial courts are routinely tasked with creating orders that have an extra-territorial effect, including Mareva injunctions and Norwich injunctions which order a non-resident non-party (often a bank) to either freeze assets or disclose information to the plaintiff.

Claims involving fraud (including bribery) and asset recovery including freezing orders, search orders and other forms of interlocutory relief.

The original WFO, granted by the English High Court on the 11th February, was secured in order to freeze worldwide assets of GDN and force asset disclosure.

(21) BTA Bank v. Ablyazov (CA)[2011] Bus LR 119 An order appointing receivers of a defendant's assets was rightly made since there was a measurable risk that the defendant would deal with his assets in breach of a freezing order.

Once such evidence has been located and preserved by court order, the victim may, in appropriate circumstances, also be granted an order of the court to freeze such bank accounts (or other assets)(a Mareva injunction) until the final court determination of the victims claims.