What are the expectations of a shareholder in a corporation?
Nova Scotia, Canada
The following excerpt is from Matthews v. Ocean Nutrition Canada Ltd., 2012 NSSC 142 (CanLII):
Particular circumstances give rise to particular expectations. Stakeholders enter into relationships, with and within corporations, on the basis of understandings and expectations, upon which they are entitled to rely, provided they are reasonable in the context: see 820099 Ontario; Main v. Delcan Group Inc. (1999), 1999 CanLII 14946 (ON SC), 47 B.L.R. (2d) 200 (Ont. S.C.J.). These expectations are what the remedy of oppression seeks to uphold.
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