Which of the following statements is the best description of a 'mareva' injunction?
A)A court order restraining the defendant from removing or disposing of assets until the court makes a decision.
B)A court order requiring the person to perform some contractual obligation.
C)A court order preventing a breach of contract.
D)A court order which freezes the status quo between the parties until the dispute can be heard by the court.

Question

Quizplus · Accepted Answer

A 'mareva' injunction is a court order that restrains the defendant from removing or disposing of assets until the court makes a decision. It is usually granted to prevent the defendant from dissipating assets and frustrating any potential judgment against them.

Which of the Following Statements Is the Best Description of a 'Mareva