A freezing order is designed to stop a person (or company) from hiding or removing their assets beyond the reach of another party. Our team have been advising individuals, companies and financiers on all aspects of freezing orders since 2002. Let us help you too.
Freezing orders (or freezing injunctions as they are also known) are one of the most serious types of court order that can be made.
The purpose of a freezing order
The purpose of a freezing order is to stop a person (or company) from hiding or removing their assets – other than in the ordinary course of doing business. The idea behind a freezing order is to preserve a defendant’s assets and prevent the defendant from avoiding paying money to the applicant if a claim is successfully made against it. It has the effect of “freezing” some or all of an individuals’ / company’s assets, essentially preserving them until judgment is obtained in the underlying proceedings and is capable of enforcement.
The courts’ approach to freezing orders
Freezing orders are not lightly granted by the courts. The reason is due to the extraordinary nature of the remedy which a freezing order offers the person or company applying for it. They essentially interfere with the right of a person to deal with his/her assets as they wish. It is for this reason that a court will look very carefully at any application for such an order. They are not granted without very strong grounds.
Freezing orders can be obtained with or without any notice or warning to a defendant.
Freezing orders can cover the entirety of the assets or be up to a limit specified by the court.
Francis Wilks & Jones is the county’s foremost firm of freezing order solicitors. We are experts in what we do and boast a fantastic freezing injunction team able to deal with all aspect of freezing order cases. Our knowledge of freezing orders is second to none and our results excellent. Whatever your enquiry, we can assist. Call now for a friendly consultation.