DECISION ON INTERIM ORDER – SUCCESSFUL GRANTING OF TEMPORARY ASSET FREEZING ORDER IN COMPLEX INTERNATIONAL FRAUD CASE

Antonis Georgiou successfully represented the applicants in securing an interim order to freeze assets in a complex international fraud case, involving allegations of fraudulent transactions and connections to the ongoing war between Russia and Ukraine. The case centered around the illegal movement and concealment of assets, and the applicants sought to prevent the defendant from transferring shares in certain companies, which could affect the eventual outcome of the claim. The court granted the interim freezing order, agreeing that the circumstances met the urgency and legal requirements under the Courts Law. This included the protection of shares in companies associated with the defendant, pending the full trial. The court also required the applicants to provide a €300,000 guarantee, underlining the gravity of the situation. This decision is crucial in safeguarding the applicants' interests in an international dispute with significant geopolitical implications.