Important decision on freezing injunctions: Group Seven Ltd v Allied Investment Corp [2013] EWHC 1509 (Ch)

06.06.2013

In Group Seven Ltd v Allied Investment Corp [2013] EWHC 1509 (Ch), Hildyard J held that settled principles of company law meant that a company which had a sole director and shareholder did not hold or control its assets in accordance with the sole director’s ‘direct or indirect instructions’ for the purposes of a standard form freezing injunction. The Court suggested that, in future, in an appropriate case, an optional varation in the standard form of freezing injunction might be included to restrain dealings in the assets of a body corporate. Romie Tager QC and Philip Kremen appeared for the successful respondents.

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