What Are The Conditions For Precautionary Sequestration?
Conditions for Precautionary Attachment:
If the creditor’s receivable is due and the security of the receivable is not a pledge (Due to the breadth of this condition, a precautionary attachment decision may be issued against those who owe a large amount of debt based on a bill of exchange, although there is no danger of flight);
If the creditor’s receivable is not due, only if one of the following points is proved:
The debtor has no fixed place of residence
The debtor is preparing to conceal or smuggle its assets in order to get rid of its commitments
That the debtor is preparing to flee or has fled
For this purpose, the debtor has made transactions that violate the rights of the creditor
The creditor must show evidence to convince the court of the existence of the grounds for precautionary attachment; a complete proof is not required.