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United Kingdom

Sevilleja v Marex Financial Ltd

[2020] UKSC 31
JurisdictionUnited Kingdom
Year2020
Statusunclear

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

Shafron v Australian Securities and Investments Commission (2012) 247 CLR 465
Bell Group Ltd (in liq) v Westpac Banking Corporation [2012] WASCA 157
Barclay v Penberthy (2012) 246 CLR 258

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