Freezing injunctions in support of foreign arbitrations | Practical Law
In Mobil Cerro Negro Ltd v Petroleos de Venezuela SA [2008] EWHC 532 (Comm), Walker J set aside a freezing injunction which had been granted in support of claims to be determined in a New York arbitration. Walker J held that, in the absence of factors connecting the defendants with the jurisdiction (such as residence or the presence of assets within the jurisdiction), the English court should not intervene. Furthermore, the evidence had failed to establish that it would be just and convenient to grant the injunction, or that the requisite degree of urgency existed.