application to get leave to appeal to set aside a Mareva injunction obtained by SRC International Sdn Bhd and one of its subsidiaries restraining the former prime minister from transferring or dissipating any of his assets amounting to RM42 million.
She said there was no necessity for the Federal Court to revisit the test laid down for ”real risk of dissipation” which had been satisfactorily set out in the case law S & F International Ltd and Trans-Con Engineering Sdn Bhd. On March 24 last year, the High Court granted the Mareva injunction to SRC International and Gandingan Mentari and directed Najib not to remove, dispose of, deal with or diminish the value of any of their assets in and outside of Malaysia up to the value of RM42 million, pending the final determination of the lawsuit filed against him.
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.
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