Aremissoft liquidating trust club for dating


29-Jun-2020 09:50

6 [1990] the court held in that instance that the jurisdiction to grant a Mareva injuction depends on the unlimited jurisdiction of the English court in personam against any person who is properly made a party to proceedings.

Turning to the internal legal order the Supreme Court of Cyprus readily adapted the Mareva injunctions.

If it appears that the debt is due and owing –and there is a danger that the debtor may dispose of his assets so as to defeat it before judgment- the Court has jurisdiction in a proper case to grant an interlocutory judgment so as to prevent him disposing of those assets”.

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Such was the background when recently the Supreme Court of Cyprus was invited to consider the principles of the territorial scope of the Mareva injunction in the joined appeals of Seamark Consultancy Services Ltd v As a result of a lawsuit filed by the Trustees of the Aremisoft Liquidating Trust, the District Court of Nicosia issued an interim order freezing assets world wide of Lykourgos Kyprianou and persons and companies affiliated with him.

Third, as Lord Roskill pointed out in his speech in Home Office v Harman [1983] 1 A. 280,323, our judicial process in requiring discovery involves invasion of an otherwise absolute right to privacy.

The particular form of discovery he was concerned with there was the discovery in the course of an action and the production of relevant documents with a view to the fair trial of the action, but his comment that the order involves an invasion of privacy applies with fullest force to an order on an individual or a company to disclose all his or its assets throughout the world.

As such, equity acts against the person whereas common law remedies exist as of right.

Not exactly a procedural innovation but the evolution of the equity doctrines.The Supreme Court judge had ruled that the appeals were unwarranted, ordering that all their accounts worldwide remain frozen thus upholding the Court’s decision at first instance.”.



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