Court permits variations to freezing order (Thevarajah v Riordan)

Table of contents

• Practical implications
• What variations were sought?
• What did the court decide?
• An increase to the amount frozen
• The ordinary and proper course of business exception
• Updating affidavit on assets
• Court and judgment details

Article summary

Dispute Resolution analysis: the High Court has granted variations to the terms of a freezing order to: (1) increase the value of the respondents’ frozen assets; and, (2) refine the ‘ordinary and proper course of business’ exception so as to provide the claimant with greater insight into the respondents’ use of its real property assets. The court also granted an order for the respondents to update the information provided in a freezing order.