The applicant, a 50% voting shareholder in a real estate development corporation, sought an order to wind up the corporation or force a buy-out under the oppression and just and equitable winding-up provisions of the OBCA.
He argued that the corporation was a partnership in corporate guise and that his reasonable expectation was to only deal with his original partner, not the partner's children.
The court dismissed the application, finding that the corporation's operations and the applicant's governance rights were not impaired, and that the evidence did not support the existence of the claimed reasonable expectation, especially since the applicant had previously consented to the children's involvement.
