Clyde & Co – Further judicial consideration of the “reflective loss” principle relevant to shareholder claims

In Sevilleja v Marex the Supreme Court narrowed the scope of the reflective loss rule. The recent Privy Council judgment in Primeo Fund (In Official Liquidation) v Bank of Bermuda (Cayman) Ltd & Another [2021] UKPC 22 further clarifies the circumstances under which the rule operates.