The moving defendants sought to set aside a previously granted ex parte Mareva injunction and related orders, alleging the plaintiff failed to make full and fair disclosure when obtaining the original order.
The court considered allegations of multiple instances of non‑disclosure and misstatements, including failure to disclose certain agreements, undisclosed referral commissions, and a one‑sided interpretation of financial statements.
While the court found that the plaintiff had not fully met the stringent duty of full and frank disclosure required for ex parte relief, it held that setting aside the injunction would create an injustice given evidence suggesting insolvency, questionable financial practices, and potential dissipation of assets.
Exercising discretion, the court declined to dissolve the injunction and maintained the existing orders.
The defendants’ motion was therefore dismissed.