Creditors Welcome UK Supreme Court's Reflective Loss Decision

Law360 (September 11, 2020, 5:40 PM EDT) -- On July 15, the U.K. Supreme Court handed down judgment on what it described as "one of the most important and difficult questions of law to come before it in some time" — the scope of the reflective loss principle.

The court unanimously concluded in the case of Sevilleja v. Marex Financial Ltd.[1] that the rule against the recovery of reflective loss, which precludes claims by third parties that merely reflect the loss suffered by a company, should only apply to claims by shareholders of the company based upon diminution in the value of their shares or distributions.

The Supreme Court's...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!