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Cayman Islands Court of Appeal finds jurisdiction to grant freestanding Mareva relief against a non-party

June 2013 Nigel K. Meeson QC

In VTB Capital v Universal Telecom Management and another (Judgment 4 June 2013), the Court of Appeal held that the Cayman Islands Court has jurisdiction to grant a Mareva injunction against a non-party resident in the jurisdiction in support of proceedings against a third party in another jurisdiction. In so doing they disagreed with the first instance Judge Cresswell J, who had held that no such jurisdiction existed.

 

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Cayman Islands Court of Appeal finds jurisdiction to grant freestanding Mareva relief against a non-party

 



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