Does a Mareva injunction create a security?
British Columbia, Canada
The following excerpt is from XY, LLC v. Canadian Topsires Selection Inc., 2015 BCSC 2116 (CanLII):
Also, as noted in Tracy v. Instaloans Financial Solution Centres (B.C.) Ltd., 2007 BCCA 481 at para. 63: As is often stated, a Mareva injunction does not create a security, and could not give priority to the claimants over security already existing, or that may exist in the future.
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