Shareholders, Ontario

The Function and Limits of Directors and Officers Insurance Policies in Class Actions and the Companies’ Creditors Arrangement Act

Bennett Jones LLP on 12/4/2024

The Ontario Superior Court has held that claims made insurance policies issued to directors and officers upon a company filing for protection under the Companies' Creditors Arrangement Act, RSC 1985, c C-36 (the CCAA) could...more

Ontario Superior Court Rules That Section 99 of the Ontario Business Corporations Act Does Not Confer

Bennett Jones LLP on 10/17/2024

In OneMove Capital Corporation v Dye & Durham Limited, 2024 ONSC 5114 (OneMove), Justice Penny of the Commercial List division of the Ontario Superior Court concluded that shareholders may not submit a proposal under s. 99...more

Time (and Process) of the Essence: Ontario Court Accelerates Timing of Requisitioned Meeting

Davies Ward Phillips & Vineberg LLP on 2/9/2023

A recent decision of the Ontario Superior Court of Justice represents a rare victory for activists in overturning a target board’s proposed timing for setting a requisitioned meeting. While Canada is generally viewed as an...more

Ontario Eliminates Director Residency Requirements and Permits Majority Shareholder Resolutions in Writing

Bennett Jones LLP on 7/19/2021

In November of 2020, we wrote about forthcoming changes to the Ontario Business Corporations Act (OBCA) proposed by the Government of Ontario in Bill 213 Better for People, Smarter for Business Act, 2020. After receiving...more

Ontario, Canada Court of Appeal Clarifies Relationship Between Common Employer Doctrine and Concept of Corporate Separateness

Littler on 7/8/2021

In O’Reilly v. ClearMRI Solutions Ltd., 2021 ONCA 385 (ClearMRI Solutions), the Ontario Court of Appeal (OCA) decided that the motion judge erred in concluding that a majority shareholder of an employee’s contractual employer...more

L’Ontario propose des modifications à la Loi sur les sociétés par actions

Blake, Cassels & Graydon LLP on 10/15/2020

Le 6 octobre 2020, le gouvernement de l’Ontario a présenté en première lecture le projet de loi 213, Loi de 2020 pour mieux servir la population et faciliter les affaires (la « Loi »), qui, s’il est adopté, apportera deux...more

Ontario Proposes Changes to Business Corporations Act

Blake, Cassels & Graydon LLP on 10/12/2020

On October 6, 2020, the Government of Ontario introduced for first reading Bill 213, Better for People, Smarter for Business Act, 2020 (Act), which, if enacted, will make two significant amendments to the Ontario Business...more

Ontario Government Issues Order to Temporarily Ease Shareholder and Director Meeting Requirements Due to the COVID-19 Pandemic

Dickinson Wright on 5/4/2020

The Order - Pursuant to the Emergency Management and Civil Protection Act, the Ontario Government recently issued an order (the “Order”) that provides corporations governed by the Business Corporations Act (Ontario) (the...more

Shareholders › Ontario

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