Introduction
Introduction
India, Insolvency & Restructuring, Litigation, Khaitan & Co, Title 11 of the US Code, Bankruptcy and Insolvency Act 1985 (Canada), Arbitration and Conciliation Act 1996 (India)
In the recent decision in Carlos Sevilleja Garcia v Marex Financial Limited,1 the Court of Appeal helpfully summarised the justifications for the English law rule against claims for reflective loss and confirmed that the rule applies equally to unsecured creditors of a company as it does to shareholders.
Highlights
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Dechert LLP, Unsecured debt, Court of Appeal (England and Wales)