Lawyers Rush to Freeze Assets As Recession Turns Nasty
Evening Standard - London › February 12, 2009
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Summary
AS THE recession begins to deepen, we can expect the courts to issue an increasing number of injunctions against independent financial advisers. The first thing for an investor to consider when prosecuting an IFA -- perhaps because of poor advice -- is the risk that an intermediary will try to put his funds out of the reach of the courts.
If the investor can show that this is about to happen, he can ask the courts to secure the adviser's assets. One way of getting a freezing injunction is to prove that the adviser has been dishonest or has turned a blind eye to fraud.See the full content of this document
Extract
Lawyers Rush to Freeze Assets As Recession Turns Nasty
Freezing injunctions date from 1975, and were previously known as Mareva injunctions, after the leading case. They were described by the late Lord Donaldson as "on...
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