A Cross Border Study of Freezing Orders and Provisional Measures (eBook)

Does Mareva Rule the Waves?

Tibor Tajti, Peter Iglikowski (Autoren)

eBook Download: PDF

2018
XIII, 89 Seiten
Springer International Publishing (Verlag)
9783319943497 (ISBN)

Infos

This book compares the law on provisional measures of common law and civil law countries, the goal being to identify and compare their main advantages and disadvantages. The guiding concept is a well-known statement by the Justices of the US Supreme Court expressed in the famous Grupo Mexicano case, according to which the 'age of slow-moving capital and comparatively immobile wealth' has now passed, and the 21st century requires a fresh look at the law of provisional measures. 

In the quest to find a model for interim relief, the Mareva Injunction, subsequently renamed the 'Freezing Order' in the English Civil Procedural Rules, is used as the benchmark to which each of the targeted systems discussed here is compared. This is because international scholarship, as well as e.g. the US Supreme Court, generally consider the Mareva Injunction to be the most effective and farthest-reaching provisional remedy.  

The analysis suggests that the Mareva Injunction / Freezing Order represents the type of relief that will most likely continue to dominate as the most efficient and farthest-reaching interim measure in the years to come.

Inhalt

Preface 7
Contents 10
1 Introduction 13
1.1 The Problem Stated and the Roadmap to the Monograph 13
1.2 Terminology Caveats 14
References 17
2 Provisional Measures in France and the United Kingdom 19
2.1 Background 19
2.2 Definitions: The French Saisie Conservatoire 20
2.2.1 Saisie Conservatoire in Comparison to the Référé 21
2.3 Definitions: The English Mareva Injunction or Freezing Order 22
2.4 The Basic Problem: Locating a Debtor’s Assets and Preventing Their Removal 24
2.5 The Mareva Injunction or Freezing Order 25
2.5.1 Historical Origins of the Freezing Order or Mareva Injunction 25
2.5.2 The Key Characteristics of the Mareva Injunction 27
2.5.3 Expansion of the Scope of Mareva Injunctions and Freezing Orders 28
2.6 The Saisie Conservatoire 30
2.6.1 A Brief Legislative History of the Saisie Conservatoire 30
2.6.2 The Key Characteristics of the Saisie Conservatoire 31
2.7 The Procedure for Obtaining a Saisie Conservatoire and Mareva Injunction Freezing Order 33
2.7.1 The Procedure for Obtaining the Saisie Conservatoire 33
2.7.2 The Procedure for Obtaining a Mareva Injunction or Freezing Order 35
2.8 On the Role of Contempt of Court Rules 37
2.9 A Comparison of the Saisie Conservatoire and the Freezing Order Mareva Injunction as Remedies for a Creditor Seeking to Enforce a Claim 40
2.9.1 Speed, Simplicity and Cost 40
2.9.2 The Consequences of Obtaining a Saisie Conservatoire and Freezing Order and the Effect of the Order 40
2.9.3 Counter Security or Undertakings in Damages 41
2.9.4 Ancillary Orders Which Can Be Granted by the Courts to Assist Enforcement of Provisional Measures 41
2.10 Jurisdiction, Recognition and Enforceability of Freezing Orders in EU Member States—Potential Conflicts and Uncertainties 42
2.10.1 General Considerations 42
2.10.2 Jurisdiction-Related Issues 43
2.10.3 Recognition and Enforcement of Mareva Injunction Freezing Order by Member States of the European Union 45
2.10.4 Worldwide Freezing Orders Before French Courts and the European Court of Justice 45
2.11 Conclusions 48
References 51
3 Provisional Measures in the  United States 54
3.1 A Brief History of US Law on Provisional Measures 55
3.2 Synopsys of US Law on Provisional Measures 58
3.2.1 The Federal Rules of Civil Procedure 58
3.2.2 State Law Variations 62
3.2.3 Constitutional Due Process Limitations Common to Prejudgment Remedies 63
3.2.4 The Uniform Asset-Protection Orders Act 2012 64
3.3 Mareva Injunctions and the US System of Provisional Measures: Differences and Commonalities 66
3.3.1 The American Provisional Measures v. the English Mareva Injunction: The Main Inherent Limitations of the American System 66
3.3.2 The American Provisional Measures v. the English Mareva Injunction: Policy and Practical Differences 68
3.3.3 The Tokens of Efficiency of the American System 70
3.4 Positioning US Law 72
References 73
4 Post-socialist Jurisdictions: Provisional Measures in Hungary 76
4.1 The Limits of Research: On the Hungarian Legal System and Scholarship 77
4.2 An Overview of the History of Provisional Measures in Hungary in Modern Times (1867—Present Time) 79
4.3 Present Time Statutory Law 81
4.3.1 A Terminology Caveat 81
4.3.2 The Main Features of the Law on Provisional Measures 82
4.4 What Contemporary Hungarian Court Cases Can Tell Us About Ex Parte and Other Provisional Measures 83
4.4.1 Case Law as a Source for Analysis: Limitations and Key Features 83
4.4.2 Why a Mareva Injunction-Type Ex Parte Provisional Measure Is Needed in Hungary? 84
4.4.3 What Are Non-Ex Parte Provisional Measures Used for in Hungary? 86
4.5 Contempt of Court Rules in Hungary 89
4.6 Positioning Hungarian Law on the European and Global Landscape 90
References 91
5 The European Account Preservation Order: Nuclear Weapon or Paper Tiger? 94
References 97
6 Conclusions and Possible Ways Forward 98

Produkt-Details

• Erscheint lt. Verlag: 16.6.2018
• Reihe/Serie: SpringerBriefs in Law
• Reihe/Serie: SpringerBriefs in Law
• Zusatzinfo: XIII, 89 p.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Schlagworte: Contempt of Court • Ex parte measures • Freezing orders • Grupo Mexicano case • Interim measures • Mareva injunction • Provisional Measures • Saisie conservatoire
• ISBN-13: 9783319943497 / 9783319943497