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CORPORATIONS - Shareholders - Directors - Powers - Issuance of shares - Personal liability - Evidence and procedure - Remedies – Damages - Oppression remedy

Thursday, July 13, 2017 @ 02:18 PM  

Appeal by Wilson from a judgment of the Quebec Court of Appeal which found him personally liable for oppressive conduct against the respondent, Alharayeri. Wilson was a director of Wi2Wi Corporation (Corporation), a technology company incorporated under the Canada Business Corporations Act (CBCA). From 2005 to 2007, Alharayeri was the President, the Chief Executive Officer (CEO), a significant minority shareholder and a director of the Corporation. He held 2 million common shares, 1 million Class A Convertible Preferred Shares (A Shares) and 1.5 million Class B...