June 2019

June 2019

Peachey & Co LLP were successful in having worldwide prohibitory and freezing injunctions, obtained on an ex-parte basis, discharged on the grounds that the Claimant had failed to show a real risk of dissipation. This case ([2019] 5 WLUK 395) confirms the principle that a Defendant/Respondent being an offshore company which acts as a conduit to pass funds to other members of its group does not in itself amount to a real risk of dissipation. Read case report. Permission to appeal was refused by Flaux LJ on 10 June 2019.