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UK Supreme Court gives boost to creditors: bar on recovery of “reflective loss” relaxed in Sevilleja v Marex Financial Ltd

United Kingdom - July 16 2020 The rule against reflective loss bars claims against wrongdoers by shareholders of a company (for instance for the diminution in the value of their…

Abdul Azeem Abdul Samad, Julie Witham.

UK insolvency and restructuring update: COVID-19 support and major reform

United Kingdom - March 28 2020 On 28 March 2020, the UK Government announced the temporary suspension of wrongful trading rules…

Alastair Goldrein, David Miles, Giles Belsey, John McGrath, Michelle Gordon, Philip Butler, Sarah Smith, Smridhi Gulati, Solomon J. Noh.

Jurisdictional Gateways Following The EU Getaway

European Union, United Kingdom - March 26 2019 In a recent judgment the Court of Appeal in Kaefer Aislamientos SA de CV v AMS Drilling Mexico SA de CV & Ors [2019] EWCA Civ 10 clarified the…

Abdul Azeem Abdul Samad.

English Court of Appeal Refuses to Give Effect to Foreign Restructuring

European Union, United Kingdom - December 24 2018 In a decision widely anticipated by investors in emerging market and distressed debt, the Court of Appeal has upheld the decision of the High Court to…

Ricci John Potts.

The Power of the Freezer

United Kingdom - April 3 2018 In a helpful decision for claimants, the UK Supreme Court has confirmed that conspiring to breach a Freezing Order constitutes "unlawful means" for…

Abdul Azeem Abdul Samad.