Tagged: corporate veil

The Corporate Veil Comes at a Cost: Shareholder Claims Against Third-Parties

In Brunette v Legault Joly Thiffault, 2018 SCC 55 [Brunette], the Supreme Court of Canada (“SCC”) clarified a long-standing rule that bars shareholders from bringing a cause of action against...

Quashing Specific Performance and Piercing the Veil: Southcott Estates Inc v Toronto Catholic District School Board

Southcott Estates Inc v Toronto Catholic District School Board, [2012] 2 SCR 675, is about an agreement to buy surplus school land for use as a housing development. The school board...