PAPAMICHAEL v. NATIONAL WESTMINSTER BANK PLC AND ANOTHER

[2002] 1 Lloyd's Rep. 332

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before His Honour Judge Chambers, Q.C.

Practice - Freezing order - Application to set aside - Quia timet injunction - Bank used moneys deposited by claimant as margin security for claimant’s husband’s foreign exchange trading - Claimant demanded return of deposit - Bank claimed indemnity against husband - Bank obtained freezing order against husband’s assets - Whether order should be set aside - Whether bank entitled to quia timet injunction over husband’s assets if freezing order could not be granted.