Entry from British & World English dictionary
A court order freezing a debtor’s assets to prevent them being taken abroad.
- 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.
Named after Mareva Compania Naveria S.A., the first plaintiff to be granted such an injunction (1975).
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