The appellant, a 50% shareholder in a corporation, brought an oppression application against his brother, the other 50% shareholder, regarding the sale and lease-back of the corporation's real estate.
The appellant appealed two motion decisions: one dismissing his claim for a certificate of pending litigation (CPL) and another denying an injunction to halt the sale.
The Divisional Court dismissed both appeals, finding that the shareholder dispute did not give rise to an interest in land to support a CPL, and that the motions judge made no palpable and overriding error in applying the RJR-MacDonald test to deny the injunction.
The court noted the purchaser could rely on the indoor management rule and the appellant's claim was readily quantifiable in damages.