Despite the circus that appeared before Justice Dietrich, including a witness who lied under oath and questionable credibility of all parties, the Ontario Superior Court of Justice has provided a clear reminder that: Incomplete contracts can still be binding if the surrounding facts show intent; Oppression remedies under 248 of the Ontario Business Corporations Act (“OBCA”) remain available if a reasonable expectation is violated through oppressive or unfairly prejudicial conduct; and Limitation periods begin when a claim is reasonably discoverable, not merely suspected. In Shifrin v LDF Frozen Foods Inc. et al., Alexander Shifrin claimed he was a 15% shareholder in ... [more] Full article