Griffin Underwriting Ltd v Varouxakis

Griffin Underwriting Ltd v Varouxakis

The court granted the worldwide post-judgment freezing order because Griffin had an unsatisfied judgment, there was strong evidence of a real risk of dissipation by Mr Varouxakis, and it was just and convenient to grant the order. The defendant's evasive and dishonest conduct, failure to pay, and attempts to frustrate enforcement justified the relief. Alternative service was also permitted due to the defendant's evasiveness and urgency of the matter.

Parties
Claimant: Griffin Underwriting Limited; Defendant: Ion G. Varouxakis
Jurisdiction
England and Wales
Judgment Date
05 February 2021
Procedural Posture
Commercial Court Claim / Application for Worldwide Post Judgment Freezing Order
Outcome
Worldwide post-judgment freezing order granted in favour of Griffin Underwriting Limited against Ion G. Varouxakis.
Legal Topics
Freezing Injunctions, Post Judgment Relief, Asset Dissipation, Alternative Service
Civil Procedure Commercial Law Enforcement of Judgments Freezing Injunctions Post Judgment Relief Asset Dissipation Alternative Service

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Parties

Griffin Underwriting Limited

Claimant

Ion G. Varouxakis

Defendant

Procedural Posture

Commercial Court Claim / Application for Worldwide Post Judgment Freezing Order

Legal Issues

  1. 1 Whether to grant a worldwide post-judgment freezing order against the defendant
  2. 2 Whether there is a real risk of dissipation of assets by the defendant
  3. 3 Whether alternative service of the order should be permitted

Ratio Decidendi

The court granted the worldwide post-judgment freezing order because Griffin had an unsatisfied judgment, there was strong evidence of a real risk of dissipation by Mr Varouxakis, and it was just and convenient to grant the order. The defendant's evasive and dishonest conduct, failure to pay, and attempts to frustrate enforcement justified the relief. Alternative service was also permitted due to the defendant's evasiveness and urgency of the matter.

Court Disposition

Worldwide post-judgment freezing order granted in favour of Griffin Underwriting Limited against Ion G. Varouxakis.

Orders

  • Worldwide freezing order in the terms of the draft order as amended.
  • Permission for alternative service by registered post and email as specified.