Legal Blog

Oppression Damages

Tahmasebi v. Hosseini 2022 Ont SCJ (Div Ct)

When a corporation is being wound up as a remedy for oppression and nothing is being paid towards shareholders’ loans or other money shown on the records as due to shareholders, damages do not include what the corporation would have been worth had the amounts due to the shareholders been recorded accurately.

We reported on the Superior Court decision in 2021.

Written by Jonathan Speigel, the founding partner of Speigel Nichols Fox LLP, leads the litigation and construction practices.