Shot Gun Control: Parties must comply strictly with terms of shot gun clauses, says Ontario’s highest court
February 23rd, 2011 | By Jennifer Dyck | Posted in Commercial Litigation, Securities Litigation, Shareholder Litigation
In the recent decision of Zeubear Investments Ltd. v. Magi Seal Corporation[1], the Court of Appeal for Ontario had the opportunity to consider the proper interpretation of a shot gun (buy-sell) provision in a shareholders agreement. Ultimately, the court concluded that, in order to obtain the benefit of such a clause, a shareholder must strictly comply with [...]
In the recent decision of Zeubear Investments Ltd. v. Magi Seal Corporation[1], the Court of Appeal for Ontario had the opportunity to consider the proper interpretation of a shot gun (buy-sell) provision in a shareholders agreement. Ultimately, the court concluded that, in order to obtain the benefit of such a clause, a shareholder must strictly comply with [...]

