House of Lords rules in favour of banks served with injunctions

The House of Lords has today held in HM Commissioners of Customs and Excise v Barclays Bank plc [2006] UKHL 28 that a bank, when served with a freezing injunction affecting an account held by one of the bank’s customers, does not owe a duty to the party which obtained the order to take reasonable … Read more

Court of Appeal lays down new guidelines on seeking permission to enforce worldwide freezing orders overseas: the Dadourian guidelines

The Court of Appeal has laid down new guidelines on how the court should exercise its discretion when considering whether to permit a party to enforce a worldwide freezing order (“WFO”) (formerly called a worldwide mareva order), or seek an order of a similar nature, in a foreign jurisdiction. The Dadourian guidelines (taking their name … Read more