The appellant appealed a trial judgment that established the value of the respondent's minority shareholding and calculated amounts of excessive compensation and unjustified corporate expenses taken by the appellant.
The appellant argued the trial judge erred by refusing a late amendment to the pleadings regarding share ownership and by improperly weighing the expert valuation evidence.
The Divisional Court dismissed the appeal, finding the trial judge correctly refused the late amendment as the appellant had previously abandoned the issue, and the respondent remained the registered shareholder entitled to relief.
The Court also held that the trial judge's assessment of the expert evidence was supported by the record and entitled to deference.
