Canadian Practice Area
Business & Commercial Law
Operating a business in Canada is governed by the Canada Business Corporations Act (CBCA) or provincial equivalents (e.g., OBCA). Directors and officers owe strict fiduciary duties to act honestly and in good faith with a view to the best interests of the corporation.
Core Legislative Subtopics
Federal (CBCA) vs Provincial Incorporation AdvantagesUnanimous Shareholder Agreements & Dispute ClausesThe Oppression Remedy & Protection of Majority/Minority Investors
Key Governing Statutes & Provisions
Federal CanadaSections 122 & 241
Canada Business Corporations Act (R.S.C., 1985, c. C-44)
Codifies directors’ fiduciary duties and empowers courts to order broad remedies against oppressive corporate conduct.
Common Dispute Scenarios & Statutory Remedies
Tình huống thực tế #1
A managing director drains corporate bank funds, alters registered office records without authorization, and resigns to evade debts.
Căn cứ pháp lý:
Direct violation of director fiduciary duties under CBCA Section 122, exposing directors to personal civil liability.
Hành động khuyến nghị:
File an action for breach of trust, seek injunctive freezing orders, and petition for judgment under the Oppression Remedy.
When is Formal Legal Intervention Essential?
- •Whenever shareholder paralysis arises or forensic irregularities appear in company general ledgers.
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