Christopher Yung

The applicant sought an oppression remedy or winding-up order against his brother and the family business, Clifton Plastics Ltd., regarding payments made to the brother after their father's retirement and subsequent incapacity.

The respondent brought a counter-application for an accounting and wrongful dismissal damages.

The court found no oppression but ordered a winding-up under s. 207 of the OBCA, requiring the applicant to purchase the respondent's shares at fair market value, reduced by $35,000 due to unequal contributions, and without attributing value to alleged shareholder loans.

The appellants appealed the dismissal of their motion for summary judgment seeking to have the respondents' action declared statute-barred under the Limitations Act, 2002.

The critical issue was whether the respondent lender, Trez Capital, had knowledge of the appellants' ownership interest in the project corporations prior to the expiration of the two-year limitation period.

The motion judge conducted a mini-trial on the disputed question of what was disclosed during a September 13, 2013 telephone call between the respondent's representative and Trez's representative.

The motion judge preferred the evidence of Trez's representative and found that the appellants' ownership interest was not disclosed during that call, thereby rejecting the limitation defence.

The appellants appealed on multiple grounds, including that the motion judge made findings beyond what was necessary to determine the motion, made palpable and overriding errors of fact, and erred in law regarding the limitations period analysis.