Court freezes assets of ex-employee who misappropriated company funds, orders him and his former girlfriend to repay over $700,000

On November 1, 2019, the Superior Court granted an emergency Mareva injunction freezing the assets of the former accountant of a company who had misappropriated over $300,000 in company funds. Daniel Naymark and Jamie Gibson successfully represented the company in obtaining and later extending this freezing order.

[Update:] On March 16, 2020, the Superior Court granted default judgment against the ex-employee and his former girlfriend, alleged to have helped him misappropriate the company funds, when they did not defend against the allegations. The Court ordered both of them to repay the misappropriated funds to the company and also awarded damages against the ex-employee caused by his failure to pay invoices on the company’s behalf and by his other misconduct.

The Court’s endorsements granting the Mareva injunction and judgment are available here and here.