SRS Advogados assists on groundbreaking worldwide freezing injunction

SRS has assisted and continues to assist on the Portuguese aspects of England’s first worldwide freezing injunction over assets of ‘persons unknown’.

The injunction is intended to compel banks and other institutions in at least 19 jurisdictions (including Portugal) to freeze the assets of the fraudsters and stolen funds, and to reveal the identity of the alleged fraudsters and details of any onward transfers.

The injunction granted at the Commercial Court was obtained on behalf of the English subsidiary of a major international resources company and is believed to be the first of its kind granted against alleged perpetrators who had not been identified.

The SRS team involved was led by the Partners José Carlos Soares Machado and Carla Neves Matias.