Update

Mirror Mirror: Is the law now clear on reflective loss?

minute read

28 June 2022

Update

The principle of reflective loss has reared its head in multiple cases since 2020. Although the Supreme Court’s judgment in Sevilleja v Marex Financial Ltd [2020] UKSC 31 clearly aimed to narrow the scope of the principle, multiple cases since that date have grappled with precisely where the new boundaries lie. In this article, Helen Evans QC and Usman Roohani of 4 New Square Chambers in London, along with Peter Hayden of Mourant Ozannes in the Cayman Islands explain where the law now stands, how we got here, and whether any issues remain up for grabs.