Note: We have provided a transcript of the discussion in this video if you are unable to watch the video version. This transcript is generated using a combination of speech recognition software and human transcribers and may contain errors.
Stephen Ross (00:04 - 01:44): What should you do if you'reserved with a freezing order? Being served with a freezing order from the English court comes as a great shock to clients whether they've done anything wrong or not. Without any notice, somebody's come to your home or work or approach you in the street and handed you an order of the court which warns you on the front page that if you disobey it, you may go to jail or face a fine, and that all of your assets are frozen. Here are my golden rules in this situation number one, don't panic. Phone a lawyer immediately for advice. We will help you understand the precise terms of the order and what you can do next and what you must do next. Number two, you must obey the order. It's a contempt of court if you don't, and you may face a fine or prison sentence. So read it carefully. You're likely to have to set out a detailed affidavit of your assets within a very short period of time.This can take a lot of work and we need to get started as soon as possible. Number three, you may have to tell other parties, like banks and people you hold assets with jointly, about the freezing order, but get legal advice first.What should you do if you are served with a Freezing Order?
Being served with a Freezing Order will often come as a great shock, whether or not any wrongdoing has taken place. This can be an incredibly daunting prospect with very real implications.
Stephen Ross shares his golden rules for how to handle this situation practically and immediately.
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Note: We have provided a transcript of the discussion in this video if you are unable to watch the video version. This transcript is generated using a combination of speech recognition software and human transcribers and may contain errors.
Stephen Ross (00:04 - 01:44): What should you do if you'reserved with a freezing order? Being served with a freezing order from the English court comes as a great shock to clients whether they've done anything wrong or not. Without any notice, somebody's come to your home or work or approach you in the street and handed you an order of the court which warns you on the front page that if you disobey it, you may go to jail or face a fine, and that all of your assets are frozen. Here are my golden rules in this situation number one, don't panic. Phone a lawyer immediately for advice. We will help you understand the precise terms of the order and what you can do next and what you must do next. Number two, you must obey the order. It's a contempt of court if you don't, and you may face a fine or prison sentence. So read it carefully. You're likely to have to set out a detailed affidavit of your assets within a very short period of time.This can take a lot of work and we need to get started as soon as possible. Number three, you may have to tell other parties, like banks and people you hold assets with jointly, about the freezing order, but get legal advice first.
As a full-service law firm, we are able to provide advice and information about a wide range of other issues. Here are some related areas.
