Legal News

Application to discharge freezing order against trustees (JSC Mezhdunarodniy & Anor v Pugachev & Ors)

Published on: 22 February 2016
Published by: LexisPSL
  • Application to discharge freezing order against trustees (JSC Mezhdunarodniy & Anor v Pugachev & Ors)
  • Practical implications
  • Facts
  • What did the court decide?
  • Discharge for non-disclosure
  • Sufficient evidence of risk of dissipation
  • Court details

Article summary

Dispute Resolution analysis: Mann J in the High Court has refused an application to discharge a freezing order made against trustees under the Chabra jurisdiction in order to give better effect to a freezing order made against the protector and beneficiary of the trusts. He held that following the protector’s actions in removing and replacing trustees who had not acted in accordance with the protector’s wishes, there was a real risk of dissipation in that the trust assets were under the control of the protector. This decision is of interest to practitioners considering an injunction under the Chabra jurisdiction. or take a trial to read the full analysis.

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