The plaintiff, Chase Wong, brought a motion seeking interim injunctive relief and other interim relief under the oppression remedy provisions of the Canada Business Corporations Act.
Wong alleged a verbal agreement for a 50% shareholding in the defendant corporation, which owned three residential properties.
The court found a serious question to be tried regarding the alleged verbal agreement.
However, the request for interlocutory injunctive relief to prevent the sale, encumbrance, or major renovations of the properties was dismissed, as Wong failed to demonstrate irreparable harm that could not be quantified in monetary terms.
A request for a declaration of constructive trust was also dismissed as it amounted to a final determination.
Despite this, the court granted interim non-injunctive relief, ordering the defendant corporation to remain the owner of the properties, account for income and expenses, and be precluded from using the properties as security (except for reasonable repair/renovation) without Wong's consent or a further court order.
An existing undertaking preventing the sale of properties remained in force until the terms of a detailed interim order could be finalized.