ARTICLE · 11 SEPTEMBER 2024
Crypto Assets: Can I Ensure My Ex-Partner Does Not Sell Them Before The Divorce Is Finalised?
The High Court, in Armeniakou vs Thomson, granted a domestic freezing order on cryptocurrency assets during a matrimonial dispute, emphasizing four key criteria: merit, risk of dissipation, justness, and court jurisdiction, while limiting scope to UK assets only.
This was the overarching question at the heart of the decision
in Armeniakou vs Thomson, whereby the High Court was asked to apply
a worldwide freeing order relating to substantial cryptocurrency
assets in aid of proceedings about to be commenced in Greece. The
dispute arose from a matrimonial ancillary relief proceeding under
Section 25 of the Civil Jurisdiction and Judgments Act 1982.
Background:
The claimant is a Greek national living in Greece and the
respondent is a UK national who has resided in Greece for many
years. The parties operated a crypto industry business involving
game development and marketing alongside cryptocurrency
development. By January 2021, the business operated under the title
Vulcan Forged and the PYR currency had been launched.
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