Including a buy-sell provision – commonly known as a “shotgun” clause – in a shareholder agreement is a significant decision. Shotgun clauses provide an efficient mechanism for resolving deadlocks among shareholders, helping to avoid disruptions to the business. These clauses have also been a source of litigation, most often in …
The Anatomy of a Corporate Oppression Claim in Ontario
Northern Law LLP is frequently retained in complex shareholder disputes. This article explains the legal framework governing oppression claims under the Ontario Business Corporations Act, supported by leading authorities and practical considerations. A. Overview of the Oppression Remedy Section 248 of the Ontario Business Corporations Act (“OBCA”) provides the court …