The Canadian Underwriter recently featured McInnes Cooper partner Brian Awad in its article, “Directors can be sued under oppression remedy even when they did not personally benefit from conduct: Supreme Court” published on July 18, 2017. The article discusses the Supreme Court of Canada’s recent decision about the oppression remedy, in Wilson v. Alharayeri.
“The Supreme Court of Canada “clarified – and restricted – the law and provided better-defined boundaries for personal liability of directors for oppression,” wrote Brian Awad…”. In his article, “Steering clear of personal liability for oppression: Supreme Court of Canada offers guidance to corporate leaders”, Brian explains how the Court’s decision gives corporate leaders some comfort that, within limits, they will not be held personally liable for taking bold action in the company’s best interests.
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