Facts: The case involves a dispute over defaults under a Settlement Agreement and a Memorandum of Understanding (MOU), with claims exceeding $15 million.
Issue: The plaintiff sought a Mareva injunction to freeze the defendants' assets to prevent dissipation before judgment.
Court’s Ruling: The court granted the Mareva injunction, favoring the balance of convenience towards the plaintiff, acknowledging the risk of asset dissipation by the defendants.
Costs/Damages: Costs related to the injunction application were to be determined in the cause, implying no specific costs or damages were awarded at this stage of the proceedings.
