‘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………..
In a recent case, Peel Condominium Corporation No. 98 v. Pereira, a condominium corporation made a court application pursuant to
You have probably all read about the oppression remedy in section 135 of the Act. As a recap, section 135
In this blog entry – our second on condominium conversions (read Part 1 here) – we break down the multi-pronged