TSXV:HRE.H - Post by User
Post by
REEnewbieon Nov 04, 2014 1:48pm
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Post# 23093438
"Mareva injunction"
"Mareva injunction"Geez, I hate legalese and the convoluted legal system. Nothing is straightforward.
From Google:
"The granting of a Mareva injunction does not give the plaintiff property, nor does it give the plaintiff a lien on the defendant's property. It gives no priority to the potential creditor over other claimants before or after judgment, nor does it affect the laws relating to insolvency. The defendant is restrained from disposing of his assets in the sense that to do so will constitute contempt of court, but the injunction does not affect the defendant's power to dispose of his assets."
Everything is good until the last sentence...what the h...does that mean? The defendant still has the power to dispose of the assets ...?