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Updated: Supreme Court rules on personal liability for corporate oppression

Thursday, July 13, 2017 @ 10:36 AM | By Cristin Schmitz

In a groundbreaking 9-0 corporate law judgment, the Supreme Court of Canada has delineated, for the first time, when company directors and officers may be found personally liable for corporate oppression.

Justice Suzanne CôtéOn July 13, the top court dismissed the appeal of Andrus Wilson from Quebec judgments below holding him and another corporate director personally liable to respondent Ramzi Alharayeri, pursuant to the oppression remedy in s. 241(3) Canada Business Corporations Act (CBCA): Wilson v. Alharayeri, 2017 SCC 39.

The judgment will have national impact, as...