Iraqi Ministry of Defence and Others v Arcepey Shipping Co SA, The Angel Bell: 1980
The court considered whether a defendant should be allowed to pay his debts as they fell due despite an asset freezing order. Held: The Mareva jurisdiction should not ‘improve the position of claimants’. Rather, it should prevent the injustice of a defendant removing his assets from the jurisdiction which may have otherwise been available to … Continue reading Iraqi Ministry of Defence and Others v Arcepey Shipping Co SA, The Angel Bell: 1980