International Corporate Rescue
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Vol 18 (2021) - Issue 1
Article preview
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, AustraliaSynopsis
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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