Freezing Orders In Cyprus: Preserving Assets Before Judgment

A freezing order, often referred to as a Mareva injunction, is one of the most powerful interim remedies available in Cyprus litigation. It is designed to prevent a defendant from disposing of, transferring, hiding or otherwise dealing with assets in a way that may frustrate the enforcement of a future judgment.

In practical terms, a freezing order does not give the claimant ownership of the defendant’s assets. Nor does it operate as a form of early execution before the case has been decided. Its purpose is protective. It preserves the position until the court has had the opportunity to determine the dispute, so that a successful claimant is not left with a judgment that cannot realistically be enforced.