Monday

20th July - Law News

3128th Edition: LawNewsIndex is a UK based legal news & articles archive since 2011 focusing on Law, Lawyers, Law Firms, Justice, Legislation, Litigation, Legal Ethics, Human Rights & Social Justice issues.


Today's Video Focus:  George Floyd's uncle, Selwyn Jones, spoke to the public and media as the police officers who have been charged with the death of his nephew appeared in court on Monday for a pre-trial hearing.


Focus of the Day Article: The Supreme Court has restricted the scope of the ‘no reflective loss’ rule, in a ground-breaking judgment. The decision, handed down this week in Sevilleja v Marex Financial [2020] UKSC 31, clarifies the principle that reflective loss cannot be recovered (the principle derives from a 1982 ruling that shareholders cannot claim for loss of value of shares or dividends because that loss is a reflection of the loss suffered by the company rather than a personal loss). The upshot of Sevilleja is that business owners who provide loans or personal guarantees for the benefit of a company will retain their individual legal rights against wrongdoing by third parties. Moreover, their rights will not be damaged by the actions of any insolvency practitioners appointed if the company goes into administration. Full story -  New Law Journal


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