Corporate lawyers Hartley Nathan, QC, and Jessica Thrower underscore the importance of following corporate procedures and the risks of relying on oppression remedies as a defense in the January 2018 edition of Directors' Briefing.
Jessica and Hartley address the Supreme Court of Canada's review of the oppression remedy in Mennillo v. Intramodal Inc. In Mennillo, the Court ruled that the oppression remedy was not available to a former shareholder who claimed that his reasonable expectations were violated as a result of the corporation's failure to comply with provisions of the CBCA.
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