What is the effect of a Mareva injunction on a plaintiff's assets?
Ontario, Canada
The following excerpt is from Cardinal Meat Specialists Limited v Zies Food Inc., 2014 ONSC 1107 (CanLII):
A Mareva injunction grants the plaintiff a far reaching remedy and causes financial upheaval to the defendant(s) by tying up assets indefinitely, before the plaintiff's claim has been determined on its merits. I recognize that a Mareva injunction should only be granted in exceptional and limited circumstances. See: Aetna Financial Services v. Feigelman, 1985 CanLII 55 (SCC), [1985] 1 SCR 2.
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