Sour Grapes for freezing orders - English Court of Appeal addresses when "frozen" assets may be used in the "ordinary and proper course of business"

So you have a freezing order against a start-up company, now what? Can that start-up use the assets which are the subject of your order, or any of its other assets, to continue to pursue its risky business, or must it stay idle and wait for the inevitable?

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Mayer Brown
Authors:
James Whitaker , Robert Slattery
Location:
United Kingdom
Firm:
Mayer Brown