Worldwide Freezing Orders Can Backfire Without Proper Care

Law360 (January 15, 2019, 12:45 PM EST) -- Law firms and their clients risk paying a hefty price if they obtain a worldwide freezing order without taking proper care; the importance of the duty to give full and frank disclosure was re-examined in the recent case of FSDEA v. Dos Santos.

Worldwide freezing orders, or WFOs, are an important weapon in the arsenal of the commercial litigant. They can provide crucial reassurance to a claimant — often at the outset of very costly proceedings — that if he wins his case months or years down the line, the judgment will only be commercially beneficial if the opponent is prevented...

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