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United Kingdom risk of dissipationfull and frank disclosureasset recovery

National Bank Trust v Yurov

[2016] EWHC 1913 (Comm)
JurisdictionUnited Kingdom
CourtHigh Court of Justice, Queen's Bench Division, Commercial Court
Year2016
StatusPersuasive authority

Key Principle

The purpose of a freezing order is to restrain a defendant from evading justice by dissipating assets otherwise than in the ordinary course of business, and not every breach of the duty of full and frank disclosure will lead to discharge where the breaches are innocent and not decisive.

Area of Law

General

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