Understanding freezing orders

In July 2024, I discussed the topic of freezing orders with guest Graeme Blank, a seasoned barrister from Blackburn Chambers.

Insights into Freezing Order Applications| Graeme Blank, Barrister and Mediator – Cathro & Partners (cathropartners.com.au)

The following is a brief snapshot to assist in understanding this process:

• Definition and Operation: Freezing orders, also known as Mareva injunctions, are legal tools designed to prevent individuals from dissipating their assets. These orders operate 'in personam,' meaning they target the individual rather than the property itself. They are effective against anyone who receives notice, such as banks. Given the severe consequences of breaching these orders, including criminal penalties for contempt, it is crucial that they clearly specify the affected assets and permissible actions.