Fla. Ruling Opens Door To Foreign Asset Freeze Enforcement

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Although receiving little fanfare since its issuance, a recent trial court order in Florida state court has sent a warning shot to American defendants embroiled in litigation abroad.

In Gorsoan Ltd. v. Bullock, the Eleventh Judicial Circuit of Florida in Miami-Dade County directly enforced an ex parte, worldwide asset freeze — commonly known as a “Mareva” or “freezing” injunction — originally issued by a Cyprus court.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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