Freezing Injunction in Aid of Foreign Court Proceedings: How Does Singapore’s Approach Fare?

Freezing injunctions in aid of foreign proceedings have seen growing importance in cross-border fraud and asset tracing litigation, especially as new payment technologies and the increased adoption of internet and mobile banking have made it easier and faster for ill-gotten gains to be dissipated across jurisdictions.

This article examines Singapore’s approach to the grant of freezing injunctions in aid of foreign proceedings, as situated against the range of solutions which other commonwealth jurisdictions have developed to keep pace with the rise in transnational fraud, including the British Virgin Islands, which in 2021 became the latest jurisdiction to enact legislation empowering its courts to grant such freezing injunctions.