Journal Issues

Vol 18 (2021) - Issue 1

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Reflective Loss in Australia Following the Decision of the UK Supreme Court in Sevilleja

Karen O'Flynn, Partner, and Gabriel Perrottet, Lawyer, Clayton Utz, Sydney, Australia

Synopsis
The Supreme Court of the United Kingdom's decision in Sevilleja v Marex Financial Ltd ('Sevilleja') will provide helpful guidance to Australian Courts on the scope of the reflective loss principle and may be of particular interest to Australian shareholders and creditors as they explore ways to recover financial losses incurred as a result of the COVID-19 induced recession.

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