Sevilleja v Marex: Reflective Loss Restated’

“The Supreme Court’s decision in Sevilleja v Marex Financial Ltd, 15 July 2020, fundamentally restates the doctrine of reflective loss in company law so that: A claim by a company’s creditor against a third party will not be barred where it reflects loss suffered by the company, even if the creditor is also a shareholder; and there is no longer an exception to the doctrine where the wrongdoer has brought about the company’s impecuniosity. The facts of the case are straightforward, at least in outline …” (more)

[David Halpern QC, 4 New Square, 17 July]

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