Worldwide Freezing Order (WFO) is an English court order to freeze a debtor’s property worldwide. A positive judgment does not mean recovery. Courts or arbitrations can last for years, during which the debtor can withdraw money from the accounts. WFO solves this problem. Why Worldwide Freezing Order? The main things: WFO prohibits a debtor from withdrawing funds or selling assetsThe order is obtained in support of court proceedings or arbitrationWFO can be obtained in three…
Gafta arbitration (Grain and Feed Trade Association) is a dispute resolution process conducted under the Gafta rules, primarily based on the association’s standard forms. Gafta, the International Grain and Feed Trade Association, was established to standardise and simplify the global trade of grain and feed. The association develops standard form contracts that include mandatory provisions for resolving disputes through Gafta arbitration. These contracts are widely used in international trade, and any disputes arising from them…
On 20 January 2022, the English High Court handed down a judgment on an application for an injunction in Sally Jayne Danisz v Persons Unknown and Huobi Global Ltd (T/A Huobi) [2022] EWHC 280 (QB). The court prohibited any dealings with the stolen Bitcoins. Also, it ordered the cryptocurrency exchange Huobi to disclose the identity of the wallet’s owner to which the Bitcoins were deposited. Background In October 2021, Sally Denise bought Bitcoins through a…
