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.
Not exact matches
Its government can demand that
foreign economies
freeze this $ 200 billion in flight capital and the
assets into which it has been converted.
The 1977 International Emergency Economic Powers Act, which was used to place sanctions on other countries after the Sept. 11 attacks, gives the president broad authority to respond to an «unusual and extraordinary threat,» including by halting incoming Chinese transactions, nullifying business deals and
freezing foreign - owned
assets.
China has taken a series of steps against digital currency trading, adding both
foreign and domestic digital
asset trading platforms to its Great Firewall, banning initial coin offerings (ICO) and cryptocurrency - related websites, as well as
freezing numerous accounts of cryptocurrency exchanges.
As a result of sanctions, much of Libya's
foreign assets are
frozen but if they were to be released would the NTC be regarded as the government so that it could control those resources?
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.
Freezing the debtor's
assets can ensure future enforcement of a
foreign judgment or ruling.
In submissions in 2011 to the Minister of Justice, the Minister of
Foreign Affairs, and the Standing Senate Committee on
Foreign Affairs and International Trade, the Federation raised concerns that a broad disclosure obligation set out in the
Freezing Assets of Corrupt
Foreign Officials Act would oblige members of the legal profession to breach solicitor - client privilege.
Royal Bank of Scotland v FAL Oil Company Limited [2013] 1 Lloyd's Rep 327 - exercise of
freezing order jurisdiction in support of
foreign proceedings where limited evidence of
assets in jurisdiction (led by Vasanti Selvaratnam QC).
The application is for a
freezing injunction over
assets located outside England and Wales, partly in aid of domestic proceedings (partnership dissolution proceedings) and partly in aid of
foreign proceedings (proceedings in Jersey re claims for 50 % interest in shareholdings).
According to new rules, addresses of cryptocurrency wallets owned by persons from the sanction list of the Office for Control of
Foreign Assets (OFAC), are subject to
freezing the same way as in the case with bank accounts.
China has taken a series of steps against digital currency trading, adding both
foreign and domestic digital
asset trading platforms to its Great Firewall, banning initial coin offerings (ICO) and cryptocurrency - related websites, as well as
freezing numerous accounts of cryptocurrency exchanges.
There is a second obligation regarding PEPs that arises under Canada's
Freezing Assets of Corrupt
Foreign Officials Act (FACFOA).