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- Director Liability: The Corporate Veil May Not Be Pierced, But It Will Not Protect You From An Oppression Remedy Claim
Director Liability: The Corporate Veil May Not Be Pierced, But It Will Not Protect You From An Oppression Remedy Claim
Brett Harrison and Anthony Labib of McMillan provide key takeaways from a recent decision where the Ontario Court of Appeal reinforced the doctrine of corporate separateness and refused to pierce the veil, but nevertheless ruled that a commercial landlord could pursue an oppression remedy claim personally against a director who value-stripped a corporation when it faced liabilities under a lease.