FNF Enterprises Inc. v. Wag and Train Inc.,
| Jurisdiction | Ontario |
| Judge | Zarnett |
| Citation | 2023 ONCA 92 |
| Docket Number | C70755 |
| Court | Court of Appeal (Ontario) |
| Date | 09 February 2023 |
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4 practice notes
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FNF Enterprises Inc. v Wag and Train Inc.,
...FNF Enterprises Inc. and 2378007 Ontario Inc. Plaintiffs (Appellants) and Wag and Train Inc. and Linda Ross Defendants (Respondents) 2023 ONCA 92 Zarnett, Thorburn and Copeland JJ.A. DOCKET: C70755 COURT OF APPEAL FOR ONTARIO Mark Gallagher, for the Patrick Kraemer, for the respondents Hear......
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Director Liability: The Corporate Veil May Not Be Pierced, But It Will Not Protect You From An Oppression Remedy Claim
...priority to unpaid creditors was a misuse of corporate powers to Ms. Ross' own benefit, which makes a personal remedy fair. 15 Footnotes 1 2023 ONCA 92 FNF 2 FNF Enterprises at para 20. 3 FNF Enterprises at para 22. 4 FNF Enterprises at para 23. 5 FNF Enterprises at para 24. 6 FNF Enterpris......
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Court Of Appeal Affirms Director's Personal Liability For Value Stripping: FNF Enterprises Inc. v. Wag And Train Inc.
...decision of the Court of Appeal for Ontario in FNF Enterprises Inc. v. Wag and Train Inc., 2023 ONCA 92 confirms that the oppression remedy in section 248 of the Business Corporations Act, R.S.O. 1990, c. B. 16 ("OBCA") remains a potential tool for creditors seeking personal recovery from d......
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Key Takeaways From 2023 Appellate Decisions
...and her alleged harassers. Corporate Director's Conduct Results in Oppression Remedy InFNF Enterprises Inc. v. Wag and Train Inc., 2023 ONCA 92, the Court of Appeal held that a director was personally liable under the oppression remedy for knowingly stripping value from the corporation to t......
1 cases
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FNF Enterprises Inc. v Wag and Train Inc.,
...FNF Enterprises Inc. and 2378007 Ontario Inc. Plaintiffs (Appellants) and Wag and Train Inc. and Linda Ross Defendants (Respondents) 2023 ONCA 92 Zarnett, Thorburn and Copeland JJ.A. DOCKET: C70755 COURT OF APPEAL FOR ONTARIO Mark Gallagher, for the Patrick Kraemer, for the respondents Hear......
3 firm's commentaries
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Director Liability: The Corporate Veil May Not Be Pierced, But It Will Not Protect You From An Oppression Remedy Claim
...priority to unpaid creditors was a misuse of corporate powers to Ms. Ross' own benefit, which makes a personal remedy fair. 15 Footnotes 1 2023 ONCA 92 FNF 2 FNF Enterprises at para 20. 3 FNF Enterprises at para 22. 4 FNF Enterprises at para 23. 5 FNF Enterprises at para 24. 6 FNF Enterpris......
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Court Of Appeal Affirms Director's Personal Liability For Value Stripping: FNF Enterprises Inc. v. Wag And Train Inc.
...decision of the Court of Appeal for Ontario in FNF Enterprises Inc. v. Wag and Train Inc., 2023 ONCA 92 confirms that the oppression remedy in section 248 of the Business Corporations Act, R.S.O. 1990, c. B. 16 ("OBCA") remains a potential tool for creditors seeking personal recovery from d......
-
Key Takeaways From 2023 Appellate Decisions
...and her alleged harassers. Corporate Director's Conduct Results in Oppression Remedy InFNF Enterprises Inc. v. Wag and Train Inc., 2023 ONCA 92, the Court of Appeal held that a director was personally liable under the oppression remedy for knowingly stripping value from the corporation to t......