Defamation Act 2013: A boost for free speech – Part 1: Serious Harm, Truth and Honest opinion – Timothy Pinto | Inforrm's Blog: " One of the most important provisions in the 2013 Act states:
“For the purposes of this section , harm to the reputation of a body that trades for profit is not “serious harm” unless it has caused or is likely to cause the body serious financial loss”.
In practice a for-profit company is likely to need to specify in its letter of claim and Particulars of Claim that the statement: a) Has caused or is likely to cause the body financial loss; b) What that loss is; and c) That the loss is serious. If it does not specify these things, the defendant may well insist on such details before responding substantively. The serious financial loss requirement is likely to make it difficult for companies to sue for defamation." 'via Blog this'