London Solicitors Litigation Association

RESCHEDULED 2021 Winter/Spring Lectures: Problem solved or problems created? The new rule against reflective loss in Sevilleja v Marex Financial Limited

Event date: 
Wednesday, 28 July, 2021 - 18:00
Event Info: 

Anthony de Garr Robinson QC of One Essex Court

In a rather unexpected twist, the Supreme Court has decided that creditors and employees are not barred from bringing claims in respect of any prejudice to their rights which reflect a company’s claim for loss against a wrongdoer. Also, despite a strong dissent from three Justices, the decision also means shareholders are in an even worse position that the Court of Appeal had previously suggested. What issues have been raised by this recasting of the law and how should practitioners approach them?