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Industry Updates

Freezing Orders in the Cayman Islands - Anything But Frozen

15 Feb 2012

In our Summer 2011 update, we wrote about a recent decision of the Grand Court in which the Court sought to expand its jurisdiction to grant freezing orders / Mareva injunctions in support of substantive litigation elsewhere in the world. Over recent months the Courts have continued to clarify - and to rein back - the scope of this jurisdiction. The position remains in flux, with the question shortly to be ruled on by the Court of Appeal.