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Reflecting on Reflective Loss

July 2019 Nigel K. Meeson QC

Primeo Fund (In Official Liquidation) and Bank of Bermuda (Cayman) Limited, HSBC Securities Services (Luxembourg) SA (Cayman Islands Court of Appeal 13 June 2019)

The common law principle of reflective loss has been judicially described as a “perplexing and developing area”. The most recent decision of the Court of Appeal in the Cayman Islands has highlighted the importance of paying close attention to the scope and application of the principle.

 

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