Zink v. Graybec Immobilier Inc., [1999] 1 S.C.R. 6

Dr. Donald G. Zink Appellant

v.

Graybec Immobilier Inc., Naidot & Co., Hare & Co., Eager & Co., Petro‑Canada and Shell Canada Limited Respondents

and

Sulconam Inc. and Marsulex Inc. Respondents

Indexed as: Zink v. Graybec Immobilier Inc.

File No.: 26314.

1999: January 21.

Present: L’Heureux‑Dubé, Gonthier, Cory, Iacobucci, Major, Bastarache and Binnie JJ.

on appeal from the court of appeal for quebec

Commercial law ‑‑ Sale of shares ‑‑ Right of first refusal.

APPEAL from a judgment of the Quebec Court of Appeal, [1997] Q.J. No. 3191 (QL), J.E. 97‑1956, affirming a judgment of Baker J. dismissing the appellant’s application for an injunction and a declaration with respect to a proposed sale of shares. Appeal dismissed.

Colin K. Irving, Doug C. Mitchell and André Lavigne, for the appellant.

Jean G. Bertrand, Sophie Melchers and Judith Harvie, for the respondents Graybec Immobilier Inc. et al.

Richard J. Rusk and Éric Vallières, for the respondent Marsulex Inc.

No one appeared for the respondent Sulconam Inc.

The judgment of the Court was delivered orally by

//Iacobucci J.//

[1] Iacobucci J. ‑‑ We agree with the conclusion of Dussault J.A. for the Quebec Court of Appeal in holding that the right of refusal contained in Article 4B of the Articles of Continuance of Sulconam Inc. was not validly exercised by the appellant in compliance with the provisions of Article 4B.

[2] Accordingly, the appeal is dismissed with costs.

Judgment accordingly.

Solicitors for the appellant: Colin Irving & Associates, Montréal.

Solicitors for the respondents Graybec Immobilier Inc. et al.: Ogilvy Renault, Montréal.

Solicitors for the respondent Marsulex Inc.: Stikeman, Elliott, Montréal.