Runnalls v. Regent Holdings Ltd., 2008 BCSC 1073

Oppression, Family Business, and Minority Shareholders: We successfully obtained a declaration that two adult sisters, the minority shareholders in a family company, had been oppressed by their older brother who was the majority shareholder who the minority asserted operated the Company and took the benefit of the Company, as if it were his own. The judgment, in making a finding of oppression, reviews the test for making a finding of oppression in the circumstances of a closely held family Company. The issue of the appropriate remedy was dealt with subsequently in Runnalls v. Regent Holdings Ltd., 2010 B.C.S.C. 1106.
View Reasons for Judgment