Oppression Remedy Fundamentals

Summary

This practice note addresses the oppression remedy, which is a statutory creation allowing shareholders and other complainants to claim against a company for oppressive management. It discusses the statutory provisions governing the oppression remedy, who can bring an oppression remedy claim, and how the oppression remedy has been applied by Canadian courts. It also addresses how a company can avoid an oppression remedy claim and how a complainant can establish an oppression remedy claim. Finally, this precedent discusses risks associated with extraordinary events such as the global COVID-19 pandemic.