A Mareva order had been obtained. The order explicitly included goodwill as an asset of the company, but the defendant argued still that it was not covered as an asset for the injunction.
Held: The court rejected the assertion.
Lord Denning MR said: ‘Every businessman knows that goodwill is a valuable commodity’. Lord Denning cited, as typical examples of goodwill assets, ‘a list of customers but also the established connections with them’.
Judges:
Lord Denning MR
Citations:
[1982] WL 222281, Times 30-Mar-1982
Jurisdiction:
England and Wales
Cited by:
Cited – Templeton Insurance Ltd v Thomas and Another CA 5-Feb-2013
The court was asked whether goodwill was to be regarded as an asset in the context of an asset freezig order. A third party company was subject to such and they were said to have broken the order by the purchase at an undervalue of the company . .
Cited – JSC BTA Bank v Ablyazov SC 21-Oct-2015
The court was asked as to the interpretation and application of the standard form freezing order. In the course of long-running litigation between JSC BTA Bank and Mr Ablyazov the Bank had obtained a number of judgments against the respondent . .
Lists of cited by and citing cases may be incomplete.
Litigation Practice
Updated: 09 May 2022; Ref: scu.591724