JSC BTA Bank v Ablyazov [2015] UKSC 64, [2015] All ER (D) 175 (Oct)
The appellant bank applied for declarations that the respondent’s rights under loan agreements had been “assets” for the purposes of the standard form freezing order against him. The Supreme Court held that the proceeds of the loan agreements had been “assets”, but only within the meaning of the extended definition, namely, on the basis that the respondent had had power, directly or indirectly, to dispose of, or deal with, the proceeds as if they had been his own.
