The plaintiffs sold their company V Inc. to the defendant GE Inc., a subsidiary of the defendant G Inc., pursuant to a share purchase agreement. V Inc.’s business did not prosper, and it ultimately made a voluntary assignment into bankruptcy. The defendants failed to pay the plaintiffs. G Inc. had originally planned on spinning off… Continue reading Lakhani v. Gilla Enterprises Inc. 2019 ONSC 1727
It was held by the Court of Appeal that a clause in the franchise agreement required the franchisee to provide the franchisor with a general release of any claims against the franchisor as a condition precedent to the franchisor consenting to the assignment of the franchise agreement was void and unenforceable under s. 11 of… Continue reading 2176693 Ontario Ltd. et al. v. The Cora Franchise Group Inc., 2014 ONSC 600
The defendant leased land to the plaintiff for the construction and operation of a driving range. When the plaintiff fell into arrears of rent, the defendant terminated the lease, but refused to permit the plaintiff to remove a driving range deck, a deck canopy, a ball shack, driving range barrier net poles, and driving range… Continue reading 2105582 Ontario Ltd. v. 375445 Ontario Ltd., 2017 ONCA 980
The deceased and S were business partners for decades. The applicants applied for a declaration that two Toronto Maple Leafs season tickets which were in the name of the deceased were held in trust by the deceased’s estate for the partnership. S testified that the tickets were offered to both partners by a business contact… Continue reading Anspor Construction Ltd. v. Neuberger Estate, 2016 ONSC 75
The acquisition of a company by the respondents triggered gains by ten of the company’s executives on stock options held by them that did not benefit from the 50 per cent deduction on stock option benefits available in certain circumstances to employees pursuant to s. 110(1)(d) of the Income Tax Act. The applicants brought an… Continue reading Birch Hill Equity Partners Management Inc. v. Rogers Communications Inc., 2015 ONSC 7189
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