Our client was successful in having a Mareva injunction discharged. Under the Injunction, our client’s worldwide assets, up to $29,280,000, had been frozen.
The British Columbia Supreme Court set aside the Injunction due to material non-disclosure by the plaintiff in obtaining the original Order, and further held that the Injunction must be denied on a de novo reconsideration. The Court ordered special costs in favour of our client due to the plaintiff’s reprehensible conduct, as well as an assessment of damages claimed by our client as a result of the improperly obtained Injunction.
