Commercial landlord on the hook for tenant shareholder’s loss in share value: Ontario Appellate Court clarifies limits on traditional rule that shareholders cannot sue for wrongs to the corporation
Shareholders of a corporation do not have a personal cause of action for wrongs committed against the corporation – such is the well-known rule in Foss v Harbottle. However, in Tran v. Bloorston Farms Ltd., the Court of Appeal recently clarified exceptions to that rule, one of which includes situations where a shareholder has her own personal cause of action and the corporation is not able to sue. In such circumstances the shareholder’s claim will not be barred by the rule. Background Sang Thi Tran (“Sang”) was a tenant under a lease assigned to her by her sister in 2010. ... [more] Full article
When can a member sue a Church, Club, or other Voluntary Association for treating them unfairly?
In Aga v. Ethiopian Orthodox Tewahedo Church of Canada, 2020 ONCA 10, the Ontario Court of Appeal affirmed when a voluntary association can be sued for failing to follow their ... [more] Full article
SCC agrees to hear appeal in another contractual good faith case
In a decision released on July 18, 2019, Canada’s top court granted leave to appeal in yet another case involving the controversial and sometimes nebulous concept of good faith in ... [more] Full article
Canada’s top court to hear contract good faith case
Last week, the Supreme Court of Canada agreed to hear an appeal from the decision of the Court of Appeal for Ontario in the CM Callow Inc. v. Zollinger case ... [more] Full article