Written by Xiyuan Feng In Azam v Andrews Custom Furniture Designs Inc.,[1] a recent judgement of the Supreme Court of British Columbia, the Court acknowledged that receiving, and, if necessary, questioning a company’s financial records is a legal right of...
Desautels Blog
Equity, Diversity and Inclusion – “Mentorability” as an Example for Small and Family-Run Businesses
By Rebecca Jaremko Bromwich, Clinical Senior Instructor, Desautels Centre Academic Co-Director Over the past decade, large corporations and BigLaw firms have increasingly institutionalized departments with staff specifically paid to improve their equity, diversity,...
Secured creditors’ rights will not be extinguished by recharacterizing collateral after default
Written by Ty Schmidt As is well-known in the realm of Canada’s secured transaction law, both the secured party and the debtor are entitled to a number of rights and also owe certain obligations to the other party, pursuant to contract and statute. Such rights and...
O Brother, Where Art Thou? – A cautionary tale of conflict in closely-held corporations.
The recent decision of the British Columbia Court of Appeal in Petersen v Hawley, 2022 BCCA 169 provides excellent perspective on what can happen when two shareholders of a closely-held corporation come to an irreconcilable deadlock. The Court of Appeal ordered...