Kazaa execs agree to asset freeze

Executives associated with peer to peer software Web site Kazaa have agreed not to move, dispose of or disperse their private assets following a request made by record companies to the Federal Court on Friday. The Australia record companies were seeking a Mareva order — which covers freezing of assets — against the P2P software provider Sharman Networks and associated parties as part of the ongoing trial over alleged copyright infringing activity. The applicants–the record labels– said they were seeking the Mareva orders in order to “restrain…the respondents from dealing with assets under their control so as to dissipate or remove them from the applicants’ reach and thereby frustrate a potential judgment in the applicants’ favour”.
ZDnet Australia, http://www.zdnet.com.au/news/business/0,39023166,39183727,00.htm

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