The rule against reflective loss bars claims against wrongdoers by shareholders of a company (for instance for the diminution in the value of their shareholding) where the shareholder’s loss is merely reflective of the loss...more
7/20/2020
/ Board of Directors ,
Business Losses ,
Corporate Misconduct ,
Creditors ,
Foreign Judgments ,
Fraud ,
Fraudulent Transfers ,
Freezing Order ,
Insolvency ,
Reflective Loss Rule ,
Reversal ,
Shareholders ,
UK Supreme Court
In the recent decision in Carlos Sevilleja Garcia v Marex Financial Limited,1 the Court of Appeal helpfully summarised the justifications for the English law rule against claims for reflective loss and confirmed that the rule...more