Two 50/50 shareholders of an IT security company brought cross-applications for oppression under s. 241 of the CBCA following a breakdown in their relationship.
The applicant alleged the respondent misappropriated corporate opportunities and improperly dissolved the company, while the respondent alleged the applicant misappropriated funds and improperly terminated his position.
The court dismissed both applications, finding that both parties engaged in a 'war of attrition' and neither established that the other's conduct warranted an oppression remedy or caused compensable damages.
