What is a Freezing Injunction?

Category: Law

One partial solution to concerns regarding the practical enforceability of a judgment is provided by the rules on the recognition and enforcement of judgments. However, the mobility of assets may frustrate the enforcement. The English courts, therefore, developed a remedy to protect the interests of the claimant and the effectiveness of English Courts’ jurisdiction – a freezing injunction. An asset freezing injunction, or ‘the Mareva injunction’, is an order directed against a party requiring them not to dissipate assets or remove them from a particular jurisdiction. An asset freezing injunction prevents a party from disposing of its assets and frustrating enforcement of any existing or potential future judgment.