Freezing Orders - Great Station Properties V UMS Holding

Court grants worldwide freezing order to aid enforcement of an arbitration award

The claimants sought a worldwide freezing order to aid enforcement of an arbitration award as a judgment of the court. The principal issue was whether a risk of dissipation of assets by the respondents had been established. Teare J held that it had for the following reasons:

(1) The tribunal had found that the owner of the respondents had used companies within his control to ensure that profits which ought to have been shared with the claimants were instead paid to the companies within his control. This was an action which deliberately harmed the interests of the claimants. Even though that activity had taken place between 2012 and 2013, it was not of "historical interest only" because the respondent had made strenuous efforts to challenge the award and clearly was not content with it. It did not matter that the tribunal did not expressly describe the respondents' activity as