The plaintiff, Trade Capital Finance Corp., obtained a Mareva injunction over the assets of certain defendants, including The Cash House Inc. (TCHI), in a fraud action.
Maple Trust Company, a non-party, had obtained writs of seizure and sale against TCHI for unrelated costs awards.
Maple Trust moved to vary the Mareva injunction to permit it to seize funds from one of TCHI's bank accounts.
The court granted the motion, holding that a Mareva injunction is not proprietary in nature and does not give the plaintiff priority over other bona fide creditors enforcing legal process.
The injunction merely restrains the defendant from disposing of assets, not preventing lawful seizure by other creditors.