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Defendants cannot use frozen funds to pay for legal expenses (Commercial Court)
Practical Law UK Legal Update Case Report 6-619-2962 (Approx. 3 pages)
Defendants cannot use frozen funds to pay for legal expenses (Commercial Court)
In Tidewater Marine International Inc v Phoenixtide Offshore Nigeria Ltd and others [2015] EWHC 2748 (Comm), the Commercial Court considered whether to order the claimant to make a joint request with the defendants to vary a Swiss freezing order so that the defendants could draw funds from a frozen swiss bank account and pay for legal representation.
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Resource ID 6-619-2962© 2024 Thomson Reuters. All rights reserved.
Published on 07-Oct-2015
Resource Type Legal update: case report
Jurisdictions
Related Content- England
- Wales