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Freezing injunctions are a special type of court order which restricts a party’s ability to deal with or dispose of their assets. If you have good reasons to suspect that your spouse is planning to move assets out of the country or to transfer them to friends, relatives or a trust then you can apply to the court to have those assets frozen.
Under a freezing order, a party is restricted from moving their assets for reasons other than their living expenses and legal fees. This will prevent them from putting that money beyond the reach of the court, and will allow you to feel secure that your fair share will be protected. Freezing orders are binding on third parties – banks and financial institutions can get in serious trouble if they help someone breach it.
Where there is an immediate risk that assets might be moved, you can apply for an urgent injunction without notice to the other side. This will allow you to have an order in place before your spouse can act.
If you would like to know more about the issues covered in this guide, Vardags offers a free consultation to qualifying individuals.
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The information on this website is intended as a guide and does not constitute legal advice. Vardags do not accept liability for any errors in the information on this website, nor any losses stemming from reliance upon the statements made herein. All articles and pages aim to reflect the legal position at time they were published, and may have been rendered obsolete by subsequent developments in the law. Should you require specialist advice, tailored to your situation, please see how Vardags can help you.
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