Failure to comply with freezing orders leads to prison

In JSC Mezhdunarodniy Promyshlenniy Bank and Another v Pugachev [2016] EWHC 248 & 258 Ch (sentence) and [2016] EWHC 192 (Ch) (liability), the English High Court sentenced Russian businessman Sergei Pugachev to two years in prison for contempt of court.  The Court found Mr Pugachev had breached several worldwide freezing orders made by the English High Court relating to money he allegedly stole from JSC Mezhdunarodniy Promyshlenniy Bank. He also refused to surrender all his passports, and in further defiance of court orders, left England for France in June of last year. This decision demonstrates the seriousness of the consequence for breaching an English worldwide freezing order.  For related earlier judgments, please see our earlier articles of 27 November 2014 and 22 September 2015.

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