JSC BTA Bank v. Ablyazov and Khrapunov [2016]

Commercial Court
Written By Louise Glover

JSC BTA Bank v. Ablyazov and Khrapunov [2016] EWHC 230 (Comm) - 11.02.2016

“Whilst breach of a Freezing Order is punishable by imprisonment, the Court cannot order damages against the person in contempt, because the law of contempt is concerned with public interest and not private compensation. But a conspiracy to injure a…

“Whilst breach of a Freezing Order is punishable by imprisonment, the Court cannot order damages against the person in contempt, because the law of contempt is concerned with public interest and not private compensation. But a conspiracy to injure another by conspiring to breach a Freezing Order amounts to the tort of conspiracy to injure by unlawful means and may be compensated by an award of damages.”

George Arghyrakis
E.G. Arghyrakis & Co.
17th February 2016

Louise Glover
Previous

Cofely v. Bingham and Knowles [2016]
Next

Sumanu Natural Resources Ltd & Anr v Mediterranean Shipping Co SA [2016]