A freezing injunction is an interim order that prohibits a party from disposing of, or dealing with, assets. Such an order can be made before a claim is issued, provided that a cause of action is established. Assets that can be frozen include bank accounts, shares, motor vehicles and land.
Increasingly, the Courts are being asked to make such orders in cases involving alleged frauds relating to a property purchase.
A cross service team at Colman Coyle recently acted on a successful settlement of a substantial multi-party claim involving an intricate factual matrix, complex allegations of fraud and a broad freezing injunction.
Navneet Jhawar, Senior Associate in our Property Disputes Team and Harry Dronfield, Senior Associate in our Corporate Team, advised on and negotiated a settlement which involved the lifting of a freezing injunction as well as a transfer of the shares in a company and associated restructuring of the company’s lending.
The successful settlement demonstrates the value of our specialist services in a number of areas, including property related disputes and corporate restructuring, and the benefits of those specialisms coming together.
If you require any advice regarding corporate restructuring or property related disputes, please contact Harry Dronfield or Navneet Jhawar respectively on +44 (0)20 7354 3000 or firstname.lastname@example.org for information on how we can assist.