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V.M. Koury Investments Ltd. v. Bolton Steel Tube Co. Ltd., Winston Penny and Marie Penny - Fasken acts for the successful minority shareholder in a significant oppression remedy case

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The applicant, V.M. Koury Investments Ltd., held 30 per cent 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.



  • Ontario



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