Guide To Freezing Orders In The Cayman Islands

A freezing order (sometimes referred to as a freezing injunction) is an interim measure granted by a court to prevent a person from being able to dispose of or deal with their assets before a judgment has been enforced. Here, we take a closer look at the remedies available to protect assets in the Cayman Islands, specifically around how a freezing order can be obtained, the protections involved and enforceability.

1. Are freezing orders (or their equivalent referred to below) available in civil legal proceedings in this jurisdiction and what is their effect?

Yes. The respondent is prohibited from dealing with the assets referred to in the freezing order (either within the jurisdiction or worldwide) until a specified time (for example, a further hearing, judgment or payment) or further order of the Court.