What is a freezing injunction?

The courts have a wide range of powers at their disposal to assist in the enforcement of their judgments, including freezing injunctions. A freezing injunction prohibits a party from disposing of, or dealing with, their assets. All types of assets can be frozen, including bank accounts, shares, motor vehicles and land.

Your business must comply with the terms of a freezing injunction. If your business deliberately breaches a court order, you will be in contempt of court. Sanctions for contempt include imprisonment, fines or seizure of assets.

Your business must do all it can to prevent a breach of the injunction. If any individual within the business intentionally deals with frozen assets, you will be held in contempt of court.

If you have any questions about injunctions, please contact Paul Currie.

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