CL-2025-000376 - [2025] EWHC 2875 (Comm)

Fecha: 05-Oct-2025

The Injunction Orders

The Injunction Orders

20.

By the Injunction Orders, the Respondents were restrained from dealing with, disposing of or diminishing the value of the Sale Proceeds. The Injunction Orders were based on the standard-form freezing order. The Injunction Applications were originally framed as applications for Mareva relief. As part of the process of agreeing the undertakings with the TMF Parties, the NPP Parties have reformulated the relief sought against the RAE Parties. In summary, the NPP Parties seek now orders:

(1)

Requiring the RAE Parties to cause, procure and permit the TMF Parties to deposit the Disputed Proceeds into escrow; and

(2)

In the event that the RAE Parties receive the Disputed Proceeds, restraining the RAE Parties from dealing with the Disputed Proceeds other than by depositing the Disputed Proceeds into escrow.

21.

By email dated 12 September 2025, and as had been contemplated by Bryan J, the NPP Parties stated their position that their entitlement to the reformulated relief was to be determined in accordance with American Cyanamid principles. The RAE Parties did not object to or express any disagreement with that approach and nor did they do so at the oral hearing before me.