Shareholder Oppression Requires More than Poor Record-Keeping
The Ontario Business Corporations Act contains provisions creating what is referred to as an “oppression remedy.” Generally speaking, this remedy allows shareholders, officers, and directors to seek redress for corporate conduct that is oppressive, unfairly prejudicial or unfairly disregards their...
Be Honest, It’s Your Duty: Expanded Contractual Obligations for Businesses
Businesses should be aware of the Supreme Court of Canada’s ground-breaking decision in Bhasin v. Hrynew, 2014 SCC 71, where two steps were taken to fundamentally change contract law in Canada. First, the Supreme Court recognized that the principle of...
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