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FREEZING ORDERS: The good, the bad and the frozen

05 October 2016  

Elizabeth Wiggin and Geraldine Elliott weigh up a recent case on freezing orders

In the recent case of National Bank Trust v Yurov [2016], the High Court considered an application to set aside a freezing order in the sum of US$830m, on the grounds that there were serious breaches of the duty of full and frank disclosure and there was no real risk of dissipation. The judgment offers valuable guidance on the implications of material non-disclosure and will be of interest to both applicants and respondents dealing with an application to set aside a freezing order.

Additional Info

  • Case(s) Referenced:

    Brink’s Mat Ltd v Elcombe [1988] 1 WLR 1350

    Crown Resources AG v Vinogradsky & ors [2001] All ER (D) 203

    Kazakhstan Kagazy plc & ors v Arip [2014] EWCA Civ 381

    National Bank Trust v Yurov & ors [2016] EWHC 1913 (Comm)