The “Hindsight” Principle Does Not Apply to Client Money Claims in UK Broker Insolvencies

The High Court in London has held that clients of insolvent UK brokers are entitled to a claim based on the value of their open positions as at the date of entry into administration or liquidation, rather than based on the value actually realised when those positions are closed. The “hindsight” principle—that where assets are later actually valued, actual values should be used—is not applicable. View full memo, The “Hindsight” Principle Does Not Apply to Client Money Claims in UK Broker Insolvencies