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International Corporate Rescue

Journal Issues

  • Vol 1 (2004)
  • Vol 2 (2005)
  • Vol 3 (2006)
  • Vol 4 (2007)
  • Vol 5 (2008)
  • Vol 6 (2009)
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  • Vol 15 (2018)
  • Vol 16 (2019)
  •         Issue 1
  •         Issue 2
  •         Issue 3
  •         Issue 4
  •         Issue 5
  •         Issue 6
  • Vol 17 (2020)
  • Vol 18 (2021)
  • Vol 19 (2022)
  • Vol 20 (2023)
  • Vol 21 (2024)
  • Vol 22 (2025)

Vol 16 (2019) - Issue 2

Article preview

Carlos Sevilleja Garcia v Marex Financial Limited [2018] EWCA Civ 1468

Stefanie Wilkins, Barrister, South Square, London, UK

Synopsis

In Sevilleja Garcia v Marex Financial Limited [2018] EWCA Civ 1468, the Court of Appeal considered the scope of the rule against reflective loss, concluding unambiguously that the rule extends to preventing claims brought by creditors of a company, and is not limited to claims brought by shareholders. Further, the Court clarified the extremely limited nature of the exception to the rule, namely that an exception will be recognised only where the conduct of the wrongdoing defendant has made it legally impossible for the company, or another acting on its behalf, to bring the claim.

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International Corporate Rescue

"I see a lot of corporate restructuring publications but International Corporate Rescue has struck the right balance of case studies and new technical issues, all wrapped up in a very reader-friendly style."

Alan Bloom, Head of Restructuring, EY, London

 

 

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