Saarnok-Vuus v. Teng, [2003] B.C.T.C. 235 (SC)
Judge | Ross, J. |
Court | Supreme Court of British Columbia (Canada) |
Case Date | February 14, 2003 |
Jurisdiction | British Columbia |
Citations | [2003] B.C.T.C. 235 (SC);2003 BCSC 235 |
Saarnok-Vuus v. Teng, [2003] B.C.T.C. 235 (SC)
MLB headnote and full text
Temp. Cite: [2003] B.C.T.C. TBEd. MR.015
Maria Saarnok-Vuus (petitioner) v. Friida Teng (respondent)
(L021762; 2003 BCSC 235)
Indexed As: Saarnok-Vuus v. Teng
British Columbia Supreme Court
Vancouver
Ross, J.
February 14, 2003.
Summary:
This headnote contains no summary.
Company Law - Topic 2170
Capital - Shareholders' rights - To rectify oppressive or unfairly prejudicial act - See paragraphs 48 to 75.
Company Law - Topic 7013
Fundamental changes and shareholders' rights - Rights of minority or dissenting shareholders - Oppression - What constitutes - See paragraphs 48 to 75.
Company Law - Topic 8407
Winding-up legislation - Winding-up order - Grounds for - Just and equitable - See paragraphs 48 to 75.
Cases Noticed:
S.G. & S. Investments (1972) Ltd. v. Golden Boy Foods Inc. et al. (1999), 1 B.C.A.C. 303; 1 W.A.C. 202 (C.A.), additional reasons (1999), 4 B.C.A.C. 105; 9 W.A.C. 104 (C.A.), refd to. [para. 50].
Gold et al. v. Rose et al., [2001] O.T.C. 4 (Sup. Ct.), refd to. [para. 52].
Mahoney v. Taylor, [1996] B.C.J. No. 1479 (S.C.), refd to. [para. 54].
Scottish Co-op Wholesale Society Ltd. v. Meyer, [1958] All E.R. 66 (H.L.), refd to. [para. 55].
O'Neill v. Dunsmuir Holdings (New Westminster) Ltd., [1980] B.C.J. No. 47 (S.C.), refd to. [para. 56].
Safarik v. Ocean Fisheries Ltd. et al. (1995), 64 B.C.A.C. 14; 105 W.A.C. 14; 12 B.C.L.R.(3d) 342 (C.A.), refd to. [para. 57].
Nystad v. Harcrest Apartments Ltd. (1986) 3 B.C.L.R.(2d) 39 (C.A.), refd to. [para. 60].
Diligenti v. RWMD Operations Kelowna Ltd., [1976] B.C.J. No. 28, refd to. [para. 62].
Safarik v. Ocean Fisheries Ltd. (1995), 64 B.C.A.C. 14; 105 W.A.C. 14; 17 B.C.L.R.(3d) 354 (C.A.), refd to. [para. 73].
Garcia v. Crestbrook Forest Industries Ltd. (No. 2) (1994), 45 B.C.A.C. 222; 72 W.A.C. 222; 119 D.L.R.(4th) 740 (C.A.), refd to. [para. 76].
Stiles v. British Columbia (Workers Compensation Board) (1989), 38 B.C.L.R.(2d) 307, refd to. [para. 76].
Statutes Noticed:
Company Act, R.S.B.C. 1996, c. 62, sect. 200 [para. 48]; sect. 271 [para. 49].
Counsel:
R. Josephson, for the petitioner;
P.W. Brown, for the respondent.
This case was heard on January 13 to 17, 2003, before Ross, J., of the British Columbia Supreme Court, who delivered the following decision on February 14, 2003.
Please note: The following judgment has not been edited.
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Dais v. Virvilis, 2018 BCSC 459
...is often granted to ensure that a party guilty of oppression or unfair prejudice is not rewarded for their conduct: Saarnok-Vuus v. Teng, 2003 BCSC 235 at paras. 73-75. The procedure is also considered to be a fair and efficient means of determining fair market value: Safarik v. Ocean Fishe......
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Sangha v. Reliance Investment Group Ltd. et al., [2012] B.C.T.C. Uned. 355
...to accept the offer then they shall purchase the shares of the respondents at the price they were offered. [41] In Saarnok-Vuus v. Teng , 2003 BCSC 235, 12 B.C.L.R. (4th) 324, Ms. Saarnok-Vuus, a 50 percent shareholder, sought an oppression remedy against Ms. Teng, the other 50 percent shar......
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Cheema v. Kalkat et al., [2009] B.C.T.C. Uned. 56
...the mechanism for determining the price of the shares for the purpose of a buy-out, in accordance with that set in Saarnok-Vuus v. Teng , 2003 BCSC 235. 3. An order authorizing the EOS accountant, Arun Bansal, to produce any financial records, including source documents, requested by counse......
-
Dais v. Virvilis, 2018 BCSC 459
...is often granted to ensure that a party guilty of oppression or unfair prejudice is not rewarded for their conduct: Saarnok-Vuus v. Teng, 2003 BCSC 235 at paras. 73-75. The procedure is also considered to be a fair and efficient means of determining fair market value: Safarik v. Ocean Fishe......
-
Sangha v. Reliance Investment Group Ltd. et al., [2012] B.C.T.C. Uned. 355
...to accept the offer then they shall purchase the shares of the respondents at the price they were offered. [41] In Saarnok-Vuus v. Teng , 2003 BCSC 235, 12 B.C.L.R. (4th) 324, Ms. Saarnok-Vuus, a 50 percent shareholder, sought an oppression remedy against Ms. Teng, the other 50 percent shar......
-
Cheema v. Kalkat et al., [2009] B.C.T.C. Uned. 56
...the mechanism for determining the price of the shares for the purpose of a buy-out, in accordance with that set in Saarnok-Vuus v. Teng , 2003 BCSC 235. 3. An order authorizing the EOS accountant, Arun Bansal, to produce any financial records, including source documents, requested by counse......