The applicant, a 10% minority shareholder in a landlord corporation, brought an oppression application against the majority shareholders.
The court determined preliminary issues, finding that the majority shareholders acted oppressively by leasing the corporation's property to their own related business at less than fair market value and failing to enforce the lease terms.
The court also found accounting irregularities, including the landlord corporation paying expenses that should have been paid by the tenant, and ordered remedies including the repayment of improper expenses and a buyout of the applicant's shares without a minority discount.
