Director Liability: The Corporate Veil May Not Be Pierced, But It Will Not Protect You From An Oppression Remedy Claim

Insolvency Insider
September 15, 2023

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.