The respondents brought a motion to stay the applicant's oppression application and to release funds held in trust from the sale of a corporate property.
The parties were bound by a shareholder agreement containing a broad arbitration clause.
The applicant argued the dispute involved fraud and third-party creditor claims that fell outside the arbitration clause.
The court found the arbitration clause was broad enough to encompass the disputes, including allegations of oppressive conduct and fraud, and stayed the application.
The court also ordered the release of $150,000 from the trust funds to the respondents for living expenses and arbitration funding, plus an amount to cover capital gains tax.
