High Court of Justice, 20 December 2017, UMS Holding Limited, Energy Standard Fund Limited, Energy Standard Industries v. Great Station Properties SA and Inter Growth Investments Limited, [2017] EWHC 3330

The High Court of Justice issued a worldwide freezing order to facilitate the enforcement of an arbitration award. The companies indirectly controlled by the losing party were transferring assets and diverting profits to avoid the payment of the award. Initially, the real risk of dissipation was established by the tribunal. Following this finding, the risk [...]