Shareholders Remedies in Canada

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In this paper, based on a speech delivered at a legal conference in Whistler, BC in April 2005, Igor Ellyn discusses the various legal procedures available to shareholders and other corporate stakeholders to redress unfairness, lack of disclosure and breach of fiduciary in corporations. The paper focuses on the rights of shareholders, directors and even employees and creditors. The remedies discussed include investigations, derivative actions, oppression remedy and winding up. This paper has been published in several locations on the internet and has also be accepted as required reading by a professional educational organization.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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