United Kingdom reflective lossshareholdersdamages

Sevilleja v Marex Financial Ltd

[2020] UKSC 31

JurisdictionUnited Kingdom

CourtUK Supreme Court

Year2020

StatusBinding authority

Key Principle

No reflective loss principle: shareholders cannot recover for diminution in share value caused by loss to the company. Only the company can sue for its own loss. Rule is absolute, not discretionary.

Area of Law

company

Related Cases

Ma Hongjin v SCP Holdings Pte Ltd [2020] SGCA 106

Ivey v Genting Casinos (UK) Ltd [2017] UKSC 67

Re Coroin Ltd [2013] EWCA Civ 781

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