‘Business judgment’ rule extends to condo boards, appeal court says

Condominium directors challenged in court by unit owners can take comfort from a unanimous Ontario Court of Appeal ruling that endorses curial deference and expressly extends the “business judgment” rule to condo boards.  The business judgment rule, created in the context of for-profit businesses, applies to boards of condominium corporations, Ontario’s top court held for the first time: 3716724 Canada v. Carleton Condominium Corporation No. 375 2016 ONCA 650.      Read the article………..


Related Articles

Condo Law Digest – Mid-summer 2017

This conflict arises from an insect infestation. In October 2015 Justice Diamond ordered that the Schneiders permit YCC No. 41

Disaster Planning: Before, During, and After

If you’ve read the headlines, you know the risks are real. From wildfires to raging floods, and corporate fraud to

To What Extent Should Condominium Corporations Indemnify a Director Who Has Been Ordered to Pay Costs? (ON)

For those following the case opposing a Durham condominium corporation to its former director Leslie Swan, the Court of Appeal