Article Related To mareva-injunction

A Mareva injunction is an order that prevents someone from disposing of property pending the outcome or completion of a legal action.

A three-man bench held that the proceedings that the former prime minister wanted to attend was confined to the hearing of a Mareva injunction at the High Court.

The Court also ordered Datuk Seri Najib Razak to pay RM30,000 in legal costs to SRC International and Gandingan Mentari Sdn Bhd.

Judge Atan Mustaffa Yussof Ahmad today ruled that the injunction should be retained until the end of 1MDB's suit.

The court also extended the ad interim injunction obtained by Najib till the mareva injunction is heard and decided, Wong Chee Lin said.

A Mareva injunction is a temporary order which restrains the defendant from disposing of assets until the determination of the case.

Najib Razak's application to set aside the Mareva injunction obtained by 1MDB and one of its subsidiaries will be heard at the High Court on Feb 7, 2023.

The High Court today rejected Najib Razak's application to attend the proceedings of the 1MDB suit against him and several other individuals.

Both were sentenced to imprisonment for breaching the asset freezing or Mareva injunction orders issued by the court this year.

Najib Razak has declared his assets including several lands and properties in Pahang and Selangor, and luxury vehicles, all amounting to RM4.49 million.

Jho Low and his father have failed to set aside a court order preventing them from transferring or dissipating any of their assets in Malaysia.

SRC International Sdn Bhd and one of its subsidiaries have obtained a Mareva injunction to prevent Najib Razak from transferring or dissipating of any his assets amounting to RM42 million.

1MDB and one of its subsidiaries have obtained a Mareva injunction to prevent wanted businessman Low Taek Jho from transferring or dissipating any of his assets in Malaysia amounting to USD1.03 bln.

Former Prime Minister Datuk Seri Najib Tun Razak has filed an application to set aside the Mareva injunction obtained by 1Malaysia Development Berhad (1MDB).

The injunction also restricted Najib to making withdrawals of up to only RM100,000 a month which he needs for his living and legal expenses.

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The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.

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