High Court of Australia confirms power to freeze assets in anticipation of foreign judgments PT Bayan Resources TBK v BCBC Singapore Pte Ltd [2015] HCA 36

The High Court of Australia has confirmed that Australian Supreme Courts have the power to make orders freezing the Australian assets of a foreign company in anticipation of a possible judgment in a foreign court being obtained against that foreign company.

Background

Filed under:
Australia, Insolvency & Restructuring, Litigation, Squire Patton Boggs, High Court of Australia
Authors:
Michael Ferguson , Graeme Slattery , Rebecca Heath , Jeremiah Ooi
Location:
Australia
Firm:
Squire Patton Boggs
High Court of Australia confirms power to freeze assets in anticipation of foreign judgments PT Bayan Resources TBK v BCBC Singapore Pte Ltd [2015] HCA 36

The High Court of Australia has confirmed that Australian Supreme Courts have the power to make orders freezing the Australian assets of a foreign company in anticipation of a possible judgment in a foreign court being obtained against that foreign company.

Background

Filed under:
Australia, Insolvency & Restructuring, Litigation, Squire Patton Boggs, High Court of Australia
Authors:
Michael Ferguson , Graeme Slattery , Rebecca Heath , Jeremiah Ooi
Location:
Australia
Firm:
Squire Patton Boggs