A possible alternative to the freezing injunction.
A judgment has recently provided helpful guidance on a creative form of injunction. The “notification order” compels a defendant to give notice to the claimant before disposing or dealing with its assets. This notification order is less onerous than a freezing injunction, and although it usually accompanies the freezing injunction, in this case, the order was issued as standalone relief. The notification would alert the claimant to apply for a freezing injunction prior to dissipation of any assets.
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Morgan, Lewis & Bockius LLP, Share (finance), Injunction, Good faith, Prima facie, Coercion