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Lloyd's Maritime Law Newsletter

A. v. B., X. Ltd. intervening - Q.B.D. (Parker J.) - 19 May 1983

Mareva injunction - Defendant willing to pay debt incurred to third party prior to injunction - Court must be satisfied that payment will not defeat underlying purpose of the injunction

On 24 September 1982 the plaintiffs obtained a Mareva injunction against the defendant in the usual form covering all the defendant’s assets within the jurisdiction save to the extent that they exceeded $13.2 million. The plaintiffs also obtained an order for an affidavit disclosing assets within the jurisdiction of certain descriptions including bank accounts or other accounts on which he had drawing facilities. This affidavit declared a nil return except for four bank accounts with total credits of about £8,000.

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