“A character like Marc”—the two crossed paths later in his life when both were focused on detecting fraud—“you stay away from.”And that’s been relatively easy for at least part of the past eight years.
In 2008 the hedge fund Cohodes worked at for more than two decades went out of business under controversial circumstances.
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Some of the most respected people in the investing industry say that, dating back to the 1980s, nobody has had a better nose for sniffing out fraud than the 56-year-old Cohodes.
The freezing injuction restrains a defendant from dealing with or disposing of or removing from the jurisdiction any or all of his assets to prevent their dissipation.
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Thinking in concrete terms the positive end of any litigation relates to the assets and the potential enforcement of the judgment being obtained. In synopsis a Mareva injuction is an injunction that freezes assets.
Nevertheless, there is always the risk that the defendant will remove his assets from the court’s jurisdiction, By way of introduction it is essential to note that English courts have exercised jurisdiction to grant injunctions, which has come to be called Mareva Injuction, since 1975 named after the well known homonymous decision Mareva Compania Naviera S. It is the unique characteristic of Mareva that it does not operate as an attachment of property, but it is a relief , which restrains the owner of the assets from dealing with them.