In Alliance Petrochemical Investment (Singapore) Pte Ltd v Mazzagatti [2026] EWHC 2178 (Comm), the Commercial Court dismissed a claimant’s application for a €160 million worldwide freezing order and proprietary injunction against defendants controlling offshore structures.
- Significance of Delay: The Court confirmed that where a claimant threatens freezing relief before commencing proceedings but delays filing without a material change in circumstances or new evidence of asset dissipation, the delay is fatal to establishing the requisite risk of dissipation.
- Ordinary Course Transactions: Remuneration disclosed in corporate accounts and commercial transactions within a group do not, without more, evidence an intention to dissipate personal or corporate assets.
- Source: Review Wilberforce Chambers' Commercial Court Freezing Injunction Analysis.
BVI & Commercial Court: Pre-Trial Delay Defeats €160m Worldwide Freezing Order Application (Alliance Petrochemical v Mazzagatti)