Last August, the Uniform Law Commission, after two years of study and drafting, proposed uniform law to provide statutory authority for courts to issue in personam asset-freezing orders. Known to common-law jurisdictions around the world as "Mareva injunctions," these interim orders enjoin transfers of assets that would otherwise preclude a party from having a pool of money at the end of the case with which to satisfy its judgment.
The American Bar Association House of Delegates endorsed the uniform legislation at a meeting last month. We urge our governor and Legislature to work with New Jersey’s uniform law commissioners and Law Revision Commission to adopt this important legislation.
