Cross-undertaking as to Damages Resulting from a Provisional Remedy
Keywords:
Provisional Remedy, Cross-undertaking as to Damages, Article 199 of the Code of Civil Procedure of Georgia.Abstract
The purpose of the institute of provisional remedy is the prevention of any potential obstacle to specific enforcement of a decision through the restriction of the right of a defendant to dispose of his property or through application of the other statutory provisional remedies. The institute of provisional remedy ensures the protection of the interests of a claimant, whilst the compensation of damages resulting from the application of a provisional remedy - guarantees the protection of the interests of a defendant. Cross-undertaking as to damages (provision for damages resulting from the application of a provisional remedy) serves the interests of a defendant and constitutes a guarantee that damages incurred as a result of restriction of a defendant's right will be compensated provided the provisional remedy proves to be unreasonable.
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