header-logo header-logo

26 November 2021 / Lois Horne
Issue: 7958 / Categories: Features , Commercial
printer mail-detail

Freezing injunctions in the Caribbean

65093
Lois Horne reviews a case where the Privy Council delivered a ‘ground-breaking’ judgment on injunctions
  • An injunction can be granted even in the absence of an underlying cause of action.
  • Privy Council restates the test for freezing injunctions.

On 4 October 2021, an enlarged seven-member Board of the Privy Council delivered its judgment in Convoy Collateral Ltd v Broad Idea International Ltd [2021] UKPC 24. The judgment of Lord Leggatt, with whom the majority of the Board agreed, contains a detailed rationalisation of the court’s powers to grant freezing orders and interim injunctions generally. In the words of Sir Geoffrey Vos (who was in the minority on these points), Lord Leggatt’s judgment amounts to ‘a ground-breaking exposition of the law of injunctions’. Although Lord Leggatt’s comments were strictly speaking obiter dicta, he expressly said that they represent the law in all jurisdictions ‘where courts have inherited the equitable powers of the former Court of Chancery’ (which obviously includes England & Wales) and they are likely to be highly persuasive.

Background

Convoy

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Walkers—Muriel Marseille

Walkers—Muriel Marseille

Ashurst's Chief Risk Officer joins Walkers

Excello Law—John Osborne

Excello Law—John Osborne

Northern family lawyer John Osborne joins Excello

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

Trio of promotions announced at Kidderminster law firm mfg Solicitors

NEWS
A sole director can conspire with their own company for the purposes of the tort of unlawful means conspiracy, the High Court has ruled in a judgment with potentially wide implications for business disputes
The Court of Appeal has reinforced that domicile depends on intention rather than residence alone, in a significant post-Brexit ruling on cross-border financial remedy claims
The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
back-to-top-scroll