The Supreme Court of Canada typically agrees to hear only about 10 – 15% of the cases that seek its attention. Not only does a proposed appellant need to explain why the court(s) below got it wrong, but an appellant also has to explain how and why a particular case raises matters of such importance that Canada’s highest court should weigh in and provide an opinion. Constitutional cases often meet this test; commercial cases, not so much. Despite all of this, it is a surprise that the Supreme Court of Canada today decided not to even hear an appeal from a [...] Full article
Shot Gun Control: Parties must comply strictly with terms of shot gun clauses, says Ontario’s highest court
In recent years, much attention has been paid to amendments to provincial Securities Acts across Canada that make it easier for shareholders to sue for misrepresentations by public companies in financial statements and other public documents...
During this period significantly less attention has been paid to whether shareholder class actions might be brought under another and potentially much broader statutory remedy: the oppression remedy under one of the provincial or federal business corporations statutes. However, this may be changing.
Originally published in The Lawyers Weekly. Full article