The Mareva and Worldwide Mareva Injunctions — International Dimensions

You win a judgment against a debtor after three years of litigation and then discover that, during those three years, he quietly moved every rupee to an account in Singapore. The court’s decree is now a piece of paper. A legal remedy that can stop this before judgment, by freezing the defendant’s assets wherever they are, would be very valuable to a creditor. English judges invented one in 1975, named after a ship. This topic explains how it works, why it has an international side and how far Indian law goes in the same direction.

In two minutes

A Mareva injunction is an interim order that stops a defendant from disposing of or dealing with his assets, so that a later judgment can be satisfied; a worldwide Mareva extends to assets outside the forum.

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