ENRC v. Zamin Ferrous [2015] 2 JLR 153 (27 October 2015)

ENRC v. Zamin Ferrous [2015] 2 JLR 153 (27 October 2015)

The court held that agreements between a judgment debtor's subsidiary and third parties for disposition of assets must be disclosed to the judgment creditor to facilitate enforcement of the judgment.

Citation
[2015] 2 JLR 153
Parties
Judgment Creditor: ENRC; Judgment Debtor: Zamin Ferrous
Jurisdiction
Jersey
Judgment Date
27 October 2015
Procedural Posture
Injunction / Interlocutory
Outcome
ancillary disclosure order granted
Legal Topics
Mareva Injunction, Ancillary Disclosure Order
Civil Procedure Mareva Injunction Ancillary Disclosure Order

Case Brief

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Parties

ENRC

Judgment Creditor

Zamin Ferrous

Judgment Debtor

Procedural Posture

Injunction / Interlocutory

Legal Issues

  1. 1 Whether a subsidiary's agreement for disposition of assets must be disclosed to the judgment creditor

Ratio Decidendi

The court held that agreements between a judgment debtor's subsidiary and third parties for disposition of assets must be disclosed to the judgment creditor to facilitate enforcement of the judgment.

Court Disposition

ancillary disclosure order granted

Orders

  • Subsidiary must disclose agreements for disposition of assets to judgment creditor