The Problem

A group of minority shareholders wished to sell the corporation as a result of a disagreement with the majority shareholders regarding the manner in which the assets of the corporation were being used and the way that the resulting revenues were being applied. The majority shareholders did not agree with the sale of the corporation and its assets.

Our Approach

We commenced a court application seeking an order to wind up the corporation and require an accounting from the majority shareholders for various revenues generated by the corporation.

The Result

We were able to advance our clients’ interests and resolve the dispute, resulting in a buy-out of our clients’ interests by the majority shareholders.