Freezing Orders
Financial Agreements
Understanding Freezing Orders: A Guide
Freezing Orders, also known as Mareva Injunctions, are powerful legal tools used to prevent a defendant from disposing of or dealing with their assets pending the outcome of legal proceedings. United Solicitors recognizes the significance of Freezing Orders in protecting the interests of our clients and ensuring fair resolution in legal disputes.
What are Freezing Orders?
A Freezing Order is a court order that prohibits a party from disposing of, dealing with, or diminishing the value of their assets. These orders are typically sought by claimants who believe that the defendant may attempt to dissipate their assets to avoid satisfying a judgment.
Key Features of Freezing Orders:
- Preservation of Assets: Freezing Orders aim to preserve the status quo of the defendant's assets until the legal dispute is resolved.
- Global Reach: These orders can extend to assets located both within and outside the jurisdiction of the court issuing the order.
- Disclosure Requirements: Defendants subject to a Freezing Order are often required to disclose details of their assets, including bank accounts, properties, and investments.
- Third-Party Notices: Third parties who may be in possession of the defendant's assets can also be served with notices to prevent them from dealing with those assets.
When are Freezing Orders Granted?
Freezing Orders are granted at the discretion of the court and typically require the applicant to demonstrate:
- A good arguable case against the defendant.
- A real risk that the defendant will dissipate their assets to avoid satisfying a judgment.
- That the balance of convenience favors granting the order.
How United Solicitors Can Help:
At United Solicitors, our experienced team of solicitors understands the complexities involved in obtaining and defending against Freezing Orders. We provide comprehensive legal advice and representation to both claimants seeking to protect their interests and defendants facing such orders.
- Assessing the merits of seeking or defending against a Freezing Order.
- Drafting and filing applications for Freezing Order.
- Representing clients in court proceedings related to Freezing Order.
- Advising on compliance with Freezing Order. and related disclosure requirements.
How United Solicitors Can Help:
- Thorough Consultation: We begin by conducting a thorough consultation to assess your needs and goals. We take the time to listen to your concerns and provide clear, actionable advice.
- Customized Drafting: Our skilled attorneys draft postnuptial agreements tailored to your specifications, ensuring that all relevant financial and property matters are addressed comprehensively.
- Negotiation & Review: If necessary, we assist in negotiating the terms of the agreement with your spouse to reach a mutually acceptable resolution. We also review the document carefully to ensure its legality and enforceability.
- Peace of Mind: With United Solicitors by your side, you can have confidence knowing that your assets and financial future are protected. We prioritize your peace of mind and strive to make the process as smooth and stress-free as possible.
Conclusion:
Freezing Orders are a vital tool in safeguarding assets and ensuring the enforceability of legal judgments. United Solicitors is committed to assisting clients in navigating the intricacies of Freezing Orders, providing tailored legal solutions to protect their interests effectively.
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