A Mareva injunction is a temporary order which restrains the defendant from disposing of assets until the determination of the case between the plaintiff and the defendant. theSun thesundaily JhoLow 1MDB Marevainjunction
or Jho Low and his father have failed to set aside a court order preventing them from transferring or dissipating any of their assets in Malaysia amounting to US$1.03 billion and US$401.5 million respectively.
1MDB counsel Siva Kumar Kanagasabai said the court has dismissed the duo's application with costs of RM5,000. “If Jho Low and his father did not comply with the inter-partes Mareva disclosure orders, they would be debarred from being heard in the proceedings, their defence would be struck out and 1MDB would be at liberty to apply to enter a judgment against them.
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