PLZ Law Blog

Category Archives: Shareholder Disputes

Canadian Government to Provide “Window” into Decision-Making After Blocking BHP’s Potash Bid

Date: November 17, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

The Canadian Government is set to establish rules with respect to foreign investment within the month after it blocked BHP Billiton of Australia’s $39 billion hostile bid for Saskatchewan’s Potash Corporation, which would have been the biggest takeover this year, on the grounds that it would be bad for Canada. According to industry Minister Tony ...

Magna Intl. Inc. Shareholders Lose Appeal: Proposed Arrangement Satisfied “Fair and Reasonable” Test

Date: September 17, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

The appeal by shareholders, British Columbia Investment Management Corporation and others, from Magna International’s successful application for an order approving a proposed arrangement pursuant to s. 182(5) of the Business Corporations Act has been dismissed. Magna designed, developed and manufactured automotive systems. The opposing shareholders were the only Class A shareholders who opposed approval of ...

THE SHAREHOLDERS AGREEMENT: The most important agreement of your Company!

Date: April 17, 2010 | Author: Jeff Levy, HBSc, MBA, CFA, AMP, JD

First and foremost a contract, a shareholders agreement has all the ingredients thereof, for it to be binding and legal.  There is an offer and acceptance, consideration, capacity, and above all a bona fide legal purpose. They (shareholders agreements) are a class of contracts relating specifically to the relationship between some or all of the ...

Forgetting to Defend a Law Suit, Setting Aside the Default Judgment

Date: February 5, 2010 | Author: Nick Porco, BA, JD

I love this saying…“you can’t change the past but you can ruin the present by worrying about the future”. It applies to so many of us. Some of us become paralyzed over a mistake, a lapse in judgment, an event. The paralysis then creates an avoidance to do what you otherwise know you have/should be ...


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