Corporate Remedies: Reasonable Expectations of Shareholders
The remedies available to stakeholders in corporate disputes for oppression are some of the most flexible remedies available at law. Under Alberta’s Business Corporations Act (the “ABCA”), the Court may rectify any act or omission of a corporation, its affiliates, or its directors that results in conduct that is oppressive, or conduct that is unfairly prejudicial to, or that unfairly disregards the interests of, any security holder, creditor, director or officer. The powers of the Court in these circumstances include,