The power and peril of a Mareva injunction

Monique Jilesen's article on remedies for corporate victims of fraud appears in the March 13, 2015 issue of the Lawyers Weekly.

"All businesses, non-profits and government organizations are at risk of bad actors who commit fraud. When an organization discovers it is a victim of fraud, it must act quickly to pursue legal options for recovery. A Mareva injunction is a powerful remedy, but its risks must be carefully considered before embarking on this path.

The power of the Mareva injunction should not be underestimated. It gives notice to banks that assets must be frozen and it requires the defendant to deliver a sworn affidavit and to be examined under oath. It therefore not only preserves the assets, but also helps you find them — wherever they might be..."