Volume 10 . Number 4b . april 14, 2003
Index by date
Was the president, a minority shareholder of the corporation, wrongfully dismissed or did he resign, and did the corporation adopt towards him an oppressive behaviour, in contravention with section 241 of the Canada Business Corporations Act?
Failure to maintain the corporate records required by the CBCA, to hold shareholders meetings and to prepare audited financial statements in conformity with the provisions of a unanimous shareholders agreement amount to oppression leading to the winding up of the corporation under section 241 of the Canada Business Corporations Act.
The Superior Court suspends proceedings in a motion regarding the right of dissent of section 190 of the Canada Business Corporations Act until the status of shareholder is determined according to the provisions of a unanimous shareholder agreement.
Motion for permanent injunction to prevent the use of the name "Restaurant L'Ancestral". Granted.