Rebecca Burrows

The corporation sought an order approving a proposed arrangement to collapse its dual-class share structure by purchasing for cancellation all outstanding Class B shares for consideration comprising 9 million newly issued Class A shares and US$300 million in cash.

The application judge approved the arrangement.

The opposing shareholders appealed, arguing the application judge erred in finding the arrangement fair and reasonable.

The Divisional Court dismissed the appeal, holding that the application judge correctly applied the BCE test.

The corporation was not required to demonstrate with certainty that the benefits of the arrangement would offset the costs, but only a reasonable prospect of clearly identified benefits.

The affirmative vote of the Class A shareholders was important evidence supporting the fairness of the arrangement.

The appellant physician sued the respondent newspapers for breach of confidence and conversion after they published photographs taken during a cosmetic surgery.

In the civil proceeding, the respondents sought production of documents relating to disciplinary proceedings before the College of Nurses and the College of Physicians and Surgeons.

The motions judge ordered the documents included in the appellant's Affidavit of Documents.

On appeal, the Divisional Court set aside the order, holding that section 36(3) of the Regulated Health Professions Act, 1991 prohibits the use of College documents in civil proceedings, meaning they are not required to be disclosed in an Affidavit of Documents.