Normal Service Resumed? Another Look At Cayman Freezing Orders.

Extract


Normal Service Resumed? Another Look At Cayman Freezing Orders.

Introduction

No sooner than Gillies-Smith1 appeared to rewrite the Cayman courts' approach to free-standing freezing orders (or Mareva injunctions), considerable doubt has been thrown on that decision. The recent judgment in VTB Capital Plc v Malofeev2 reemphasises the traditional principled objections to the grant of such free-standing freezing orders, particularly the issue of whether leave may be granted to serve a defendant outside the jurisdiction w...

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