Legal News

In brief: Court of Appeal clarifies test for existence of freezing order assets (Ras Al Khaimah Investment Authority v Bestfort Development)

Published on: 19 July 2017
Published by: LexisPSL
  • In brief: Court of Appeal clarifies test for existence of freezing order assets (Ras Al Khaimah Investment Authority v Bestfort Development)
  • Original news
  • What are the practical implications of this judgment?
  • What are the key points to take away?
  • Case details

Article summary

Dispute Resolution analysis: The Court of Appeal partially allowed an appeal against a 2015 decision by Mrs Justice Rose not to grant world-wide freezing orders against three Chabra (or non-cause of action) defendants. The judgment is of interest to practitioners as, among other matters, the Court of Appeal provided clarity on the test for showing that a defendant in fact has assets that will be caught by any freezing order granted by the court. or take a trial to read the full analysis.

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