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Mareva injunction

Line breaks: Ma¦reva in|junc¦tion
Pronunciation: /məˈreɪvə
 
, məˈriːvə
 
/

Definition of Mareva injunction in English:

noun

English Law
A court order freezing a debtor’s assets to prevent them being taken abroad.
Example sentences
  • The ordinary Mareva injunction restricts a defendant from dealing with his own assets.
  • It seems to me that it would be inconsistent with the Act as a whole in general and with s 33 in particular if the Secretary of State were to be at liberty to apply for Mareva injunctions in the High Court.
  • Judicial discretion is therefore to be carefully exercised when considering a rule 45 order or the granting of a Mareva injunction given the severe prejudicial consequences that can result.

Origin

named after Mareva Compania Naveria S.A., the first plaintiff to be granted such an injunction (1975).

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