On Thursday 19 January (12:45 to 1:45 UK time) Robert Hunter will present a live audio webinar offering practical advice to those who want to know what they can do after being served with a Freezing Order.
This is part of our series of “Soundbite” webinars, which are designed to update Herbert Smith LLP clients and contacts on the latest developments without having to leave their desks. The webinars, both live and archived events, also qualify for one CPD point.
The webinar can be accessed “live”, with a facility to send in questions by e-mail, or can be downloaded as a podcast after the event. If you would like to register for a webinar, or to obtain a link to the archived version, please contact Jane Webber.
This webinar will explore various questions as to what Freezing Orders actually prohibit, including:
- Do they affect overseas assets, overseas branches or overseas subsidiaries of the bank on which they are served?
- Do they prevent payment under letters of credit in England or internationally?
- Do they prevent banks or third parties enforcing security interests over shares?
- Do they prevent the defendant receiving money due to him?
- Do they prevent the defendant receiving money that is being held by someone else for him?
- Do they prevent the defendant borrowing money?
- Do they affect joint accounts, trust accounts and nominee accounts?
- Do they affect accounts of companies owned or controlled by the defendant?
- Do they prevent the defendant dealing with money he holds for someone else?
- When do you really need to go to court to have the Order varied?
- To what dealings do the "ordinary living expenses" and "ordinary course of business" exceptions apply and how carefully must a bank enquire?
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.