Herbert Smith’s Robert Hunter (pictured) on the ways the new European Account Preservation Order can be interpreted
Suppose someone in another European Union member state – say, Bulgaria – owes a friend of yours £3,000. He says that he is going to do everything he can to avoid your friend getting his money. You could tell your friend about the worldwide freezing injunction available in the courts of this country. You could tell him that Bulgaria may assist your friend’s action by granting their own domestic injunction against the debtor pursuant to article 31 of the Brussels Regulation. Or you could just be realistic and tell him that, for the sake of £3,000, he is priced out of the international injunction market. Perhaps he should just let it go. After all, life’s not fair.
