The applicant, V.M. Koury Investments Ltd., held 30% of the shares of Bolton Steel Tube Co. Ltd., a company operated by its sole officer and director. The respondent's conduct and self-dealing was held to be oppression, unfair prejudice and unfair disregard of the applicant’s interests.
Among the relief granted by the court was the appointment of a receiver and a court-ordered buy-out of the applicant's shares.
Fasken's Berkley Sells represented V.M. Koury Investments Ltd.
Jurisdiction
- Ontario
