The Principle of Reflective Loss Does Not Apply To Creditors

Written by Lavinder Kaur, solicitor at Lisa’s Law.   What is reflective loss?   Firstly, the rule of reflective loss is derived from the principle of Foss v Harbottle, the company, being a separate legal entity, is the proper claimant to recover any loss resulting from an actionable wrong.   A shareholder’s loss in respect […]