
In Darvish-Kazem v Pazkaz Enterprises Inc, 2022 ONSC 1667, Justice E.M. Morgan of the Ontario Superior Court of Justice issued a friendly reminder pertaining to the OBCA’s s. 248 oppression remedy: without unfair prejudice or disregard of the minority’s rights, not every unmet, subjective expectation by a shareholder will give rise to such a claim. Background In 2013, two physicians, Michael Pazaratz (“Pazaratz”) and Saeed Darvish-Kazem (“Darvish-Kazem”), ventured out of the medical industry to start a software company, Rave Inc. (“Rave”). At the same time, they created a holding company, Pazkaz Enterprises inc. (“Pazkaz”), which was to own 40% of ... [more] Full article