Inexpensive remedies at any price? The issues around ‘DIY freezing orders’
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.
Herbert Smith’s Robert Hunter (pictured) on the ways the new European Account Preservation Order can be interpreted
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651