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freezing injunctionscross undertaking fortificationlitigation by sanctioned claimant
VTB Bank v Kuanyshev et al
[2026] EWHC 591 (Comm)
Key Principle
On the return date of a worldwide freezing order obtained by a sanctioned claimant, a respondent seeking to raise the asset-disclosure threshold must show clear and cogent evidence of specific assets and difficulty, while the court may order increased fortification of the claimant's cross-undertaking in damages (paid into court) to protect respondents against the risk that sanctions/OFSI licensing would render the undertaking ineffective.
Area of Law
General
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