Successful Cross-Border Asset Freezing Order Secured in Cyprus
Successful Cross-Border Asset Freezing Order Secured in Cyprus – €11.5 Million Claim Protected
Our law firm is pleased to announce a significant legal success achieved through effective cross-border collaboration between our team in Greece and our esteemed legal partners in Cyprus.
In a complex and high-value dispute, we successfully obtained an interim freezing injunction (Mareva injunction) from the District Court of Cyprus. The order effectively freezes the assets of the opposing party up to the amount of €11,500,000, ensuring that the defendant cannot dissipate or transfer assets pending the final resolution of the case.
Strategic Legal Action Across Jurisdictions
This case highlights our firm’s capability to handle multi-jurisdictional disputes and to act swiftly in securing urgent judicial protection where there is a real risk of asset dissipation. Working closely with our partners, an experienced team of Cypriot counsels, we coordinated legal strategy, evidence submission, and urgent court proceedings to achieve this favorable outcome.
Freezing injunctions are powerful legal tools designed to:
· Preserve the status quo
· Prevent the concealment or transfer of assets
· Safeguard the enforcement of future judgments
The successful issuance of this order demonstrates the court’s recognition of the urgency and seriousness of the claim, as well as the strength of the legal arguments presented.
Our Commitment
We remain committed to providing high-level legal services in complex commercial and cross-border disputes, ensuring that our clients’ interests are fully protected at every stage of the proceedings.
If you are facing a dispute involving international elements or require urgent legal measures to protect your assets or claims, our team is ready to assist with strategic, efficient, and results-driven representation.
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Stella Chavez
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Aine Kelly
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