UK Supreme Court narrows scope of the principle that “reflective loss” cannot be recovered

20 Jul 2020

In the recent decision of Marex Financial Ltd v Sevilleja [2020] UKSC 31, the UK Supreme Court significantly narrowed the scope of the principle that “reflective loss” cannot be recovered.

In the UK, this principle is now limited to claims by shareholders that, by reason of actionable loss suffered by their company, the value of their shares or of the distributions they receive as shareholders, has been diminished.

This update discusses the Marex Financial decision and how it may impact claims in Singapore courts for loss in share value or distribution.

Please click here to read the update.