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Insolvency Asset Stripping

Dorsey & Whitney LLP

UK Supreme Court Gives Landmark Ruling on Reflective Loss

Dorsey & Whitney LLP on

The Supreme Court Judgment in Sevilleja v Marex Financial Ltd [2020] UKSC 31, handed down on 15 July 2020, clarifies and substantially confines the scope of the doctrine of reflective loss. The Court, in a majority...more

Latham & Watkins LLP

UK Supreme Court Narrows Scope of “Reflective Loss” Principle

Latham & Watkins LLP on

The decision overturns a series of cases deemed to have over-expanded a principle preventing shareholders from claiming against third parties for falls in a company’s value. On 15 July 2020, the UK Supreme Court...more

BCLP

Dissipation of Assets May be Tort Under English Law: Marex Financial Limited v. Carlos Sevilleja Garcia [2017] EWHC918

BCLP on

There is a joke that freezing injunctions are dangerous to heath. They appear to be carcinogenic, as people subject to them often tell the Court they are too ill to engage with proceedings....more

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