Dalton Strata Services Pty Ltd

SP92125 · 1 YURUGA STREET AUSTINMER, AUSTINMER

CIVIL PROCEDURE — freezing orders – where plaintiff seeks freezing order over moneys held by the second defendant in the sum of $12m – where second defendant sold its substantive asset for $20m – where second defendant intends to utilise sale proceeds by making intercompany loans to related entities – where danger that prospective judgment will be unsatisfied due to disposal of assets – where quantum of freezing order based on evidence of loss which lacks underlying reasoning and which is based on sums not yet claimed – freezing order in the sum of $12m ordered over proceeds of sale held in the second defendant’s bank account – liberty to apply to reduce sum if quantity surveyor’s evidence departs downwards from provisional estimated loss and applicant does not claim the asserted losses within a reasonable time