Published on 07 Sep 2011 • England, Wales |
"The purpose of Mareva relief is, and always has been, to prevent a defendant from removing from the jurisdiction his assets or dissipating them. It is not, and never has been, an aid to obtaining preference for repayment from an insolvent party." (page 734.)
"This order does not prohibit the Respondent from dealing with or disposing of any of his assets in the ordinary and proper course of business."
"in relation to assets such as balances in bank accounts, an "ordinary course of business exception" is inappropriate in the post-judgment environment."