Cyprus Injunctions - The Mareva​ Freezing ​Injunctions

A Claimant who successfully applies in Court for an injunction freezing the assets of a party places themselves in a very strong position from the outset of a dispute, a position which might bring about an early and successful outcome in that dispute. This arguably makes freezing injunctions, also known as "Mareva" injunctions from the English precedent of Mareva Compania Naviera SA v. International Bulk Carriers SA (1975) , the most important and effective type of court orders.

Purpose:

Interim freezing orders seek to prevent a party from dissipating assets in an effort to ensure that a successful litigant will be able to execute a final court decision against the defendant. In that sense there are two types of freezing injunctions that can be issued by Cyprus Courts: