This is an appeal of an arbitration award concerning the beneficial ownership of shares in a company.
The arbitrator had found that an email created an express trust, granting the respondent 50% of the applicant's personal shares.
The court granted leave to appeal, finding that the arbitrator erred in law by allowing the email to overwhelm the terms of a formal trust agreement.
The court varied the arbitrator's decision, ruling that only the formal Burwell Family Trust existed and the email did not create a separate express trust for the personal shares.
The court upheld the arbitrator's jurisdiction regarding the scope of the arbitration and his decision on the Limitations Act.
The issue of proprietary estoppel was remitted back to the arbitrator for determination and final disposition.