Assets put on ice as international arbitration heats up

Parties who find themselves in the midst of international arbitration should be aware that they can rely on the support of domestic courts. Freezing orders (also known as asset preservation orders or Mareva injunctions) may be available to preserve assets until the conclusion of arbitral proceedings. A timely reminder of this is the recent New South Wales injunction granted in relation to Donaco's Singapore arbitration.

Last year, Australia welcomed 8.8 million inbound tourists, who spent a record $41.3 billion. Visitor numbers have spiked in the last month, in the lead up to the Gold Coast Commonwealth Games. No doubt many of these visitors will take a punt at the Gold Coast's Star Casino, one of the 13 major casinos in Australia's growing gambling related tourism industry.