In Sevilleja v Marex Financial Ltd the Supreme Court considered the ambit of the prohibition on a shareholder recovering losses from third parties for the reduction in the value of their shares or loss of dividend income arising from a wrong suffered by the company. This prohibition on ‘reflective loss’ had been growing in scope in recent years, leading to a lack of clarity as to whether it is taxonomically situated in company law or in private law. The majority in this case situated the prohibition firmly within company law. This note argues that the majority judgment did not go far enough and explores the impact of this case on company law more broadly.

中文翻译：

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Sevilleja v Marex Financial Ltd：反思性损失和公司法的自主性

在Sevilleja v Marex Financial Ltd案中，最高法院考虑了禁止股东因公司遭受的不当行为导致其股票价值减少或股息收入损失而向第三方追偿损失的范围。近年来，对“反射性损失”的禁止范围不断扩大，导致其在分类学上属于公司法还是私法尚不明确。在本案中，大多数人将禁令牢牢地置于公司法中。本说明认为，多数判决还不够深入，并更广泛地探讨了本案对公司法的影响。