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LEGAL UPDATES – JUNE 2019, ISSUE 1

 
 

Corporate | Finance | Securities

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CORPORATE

Budd v. Bertram, 2018 NSCA 95

In granting leave to commence derivative action, motions judge not required to conduct cost/benefit analysis in considering whether action in interests of company.

Subtopic: Investigations and Remedies
Commentary: Canada Corporations Law Reporter (see paragraph 9230)

Subtopic: Remedies
Commentary: Ontario Corporations Law Guide (see paragraph 23,490)

Subtopic: Shareholders’ Remedies
Commentary: British Columbia Corporations Law Guide (see paragraph 35,630)

Kuhnreich v. Metcom Canada Ltd., 2018 ONSC 5444

No oppression where credit card privileges of minority shareholder/employee of corporation discontinued and neither corporation nor majority shareholder would purchase his shares.

Subtopic: Investigations and Remedies
Commentary: Canada Corporations Law Reporter (see paragraph 9570)

Subtopic: Remedies
Commentary: Ontario Corporations Law Guide (see paragraph 24,110)

Subtopic: Shareholders’ Remedies
Commentary: British Columbia Corporations Law Guide (see paragraph 35,120)


FINANCE

Herring Estate (Re), [2009] O.J. No. 3567

In our last article in this series, we talked about some of the tax and non-tax-related considerations that may arise when an estate has foreign executors or other legal representatives. Here are the remaining considerations.

Subtopic: Bonding requirements
Commentary: Non-resident executors: From ancillary grants to foreign trusts (The Lawyer’s Daily)


SECURITIES

Re Deyrmenjian, 2019 BCSECCOM 93

A British Columbia Securities Commission Panel ordered various sanctions, including permanent market participation bans and disgorgement, against respondents who engaged in market manipulation contrary to the British Columbia Securities Act.

Subtopic: Sanctions and costs
Commentary: Canadian Securities Law Reporter (see 2019 CSLR para. 900-777)

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