The applicants, Saniia Agisheva and Andrii Grynyshyn (Grynyshyn shareholders), sought leave to bring a derivative action on behalf of Sunbex Corporation against the respondents, Dmitri Petrov, Natalia Lobanova, Alex Miadelets, Ventus Consulting Inc., and Midstream Infrastructure Protection Technologies Inc. (Petrov shareholders), alleging misappropriation of corporate opportunities.
The respondents brought a cross-application for leave to bring a derivative action against the Grynyshyn shareholders for alleged warranty claims and misappropriation of funds.
The court granted the Grynyshyn shareholders' application, finding they met the four-part test for leave to commence a derivative action, demonstrating good faith and an arguable case in the corporation's interest.
The respondents' cross-application was dismissed, as their claims were found to be de minimis or more akin to a personal contractual dispute, and not in the best interests of the corporation.