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BUSINESS LAW REPORTS Fifth Series/Cinqui`Eme S´Erie Recueil De Jurisprudence En Droit Des Affaires

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BUSINESS LAW REPORTS Fifth Series/Cinqui`Eme S´Erie Recueil De Jurisprudence En Droit Des Affaires BUSINESS LAW REPORTS Fifth Series/Cinqui`eme s´erie Recueil de jurisprudence en droit des affaires VOLUME 9 (Cited 9 B.L.R. (5th)) EDITOR-IN-CHIEF/REDACTEUR´ EN CHEF Scott D. Conover, B. COMM., LL.B. Fasken Martineau DuMoulin LLP Toronto, Ontario ASSOCIATE EDITORS/REDACTEURS´ ADJOINTS Murray J. Braithwaite, A.B.(HONS.), Robin P. Roddey, B.A.A., LL.B. LL.B., LL.M., PH.D. Fasken Martineau DuMoulin LLP Fasken Martineau DuMoulin LLP Toronto, Ontario Toronto, Ontario Lisa Marcuzzi, B.A., LL.B., M.B.A. Janice J. Javier, B.A.(HONS.), LL.B. Fasken Martineau DuMoulin LLP Fasken Martineau DuMoulin LLP Toronto, Ontario Toronto, Ontario CARSWELL EDITORIAL STAFF/REDACTION´ DE CARSWELL Cheryl L. McPherson, B.A.(HONS.) Director, Primary Content Operations Lisa Gordon, LL.B., LL.M. Product Development Manager Nicole Ross, B.A., LL.B. Mike MacInnes, B.A.(HONS.), LL.B. (Acting) Supervisor, Legal Writing Lead Legal Writer Jocelyn Cleary, B.A.(HONS.), LL.B. Stephanie Hanna, B.A., M.A., LL.B. Senior Legal Writer Senior Legal Writer Lisa Rao, B.SC., LL.B. Amanda Stewart, B.A.(HONS.), LL.B. Senior Legal Writer Senior Legal Writer Andrea Toews, B.A., LL.B., LL.M. Martin-Fran¸cois Parent, LL.B., Legal Writer LL.M., DEA (PARIS II) Bilingual Legal Writer Heather Niziol, B.A. Content Editor BUSINESS LAW REPORTS, a national series of annotated topical law re- Recueil de jurisprudence en droit des affaires, une s´erie nationale de ports, is published 12 times per year. Subscription rate $380.00 per bound recueils de jurisprudence sp´ecialis´ee et annot´ee, est publi´e 12 fois par ann´ee. volume including parts. Indexed: Carswell’s Index to Canadian Legal L’abonnement est de 380 $ par volume reli´e incluant les fascicules. Indexa- Literature. tion: Index a` la documentation juridique au Canada de Carswell. Editorial Offices are also located at the following address: 430 rue St. Pierre, Le bureau de la r´edaction est situ´e a` Montr´eal — 430, rue St. Pierre, Mon- Montr´eal, Qu´ebec, H2Y 2M5. tr´eal, Qu´ebec, H2Y 2M5. ________ ________ © 2013 Thomson Reuters Canada Limited © 2013 Thomson Reuters Canada Limit´ee NOTICE AND DISCLAIMER: All rights reserved. No part of this publica- MISE EN GARDE ET AVIS D’EXONERATION´ DE RESPON- tion may be reproduced, stored in a retrieval system, or transmitted, in any SABILITE´ : Tous droits r´eserv´es. Il est interdit de reproduire, m´emoriser sur form or by any means, electronic, mechanical, photocopying, recording or un syst`eme d’extraction de donn´ees ou de transmettre, sous quelque forme ou otherwise, without the prior written consent of the publisher (Carswell). par quelque moyen que ce soit, electronique´ ou m´ecanique, photocopie, enre- gistrement ou autre, tout ou partie de la pr´esente publication, a` moins d’en avoir pr´ealablement obtenu l’autorisation ecrite´ de l’´editeur, Carswell. 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La participation d’une personne a` la pr´esente publication ne peut en aucun cas etreˆ consid´er´ee comme constituant la formulation, par celle-ci, d’un avis No one involved in this publication is attempting herein to render legal, ac- juridique ou comptable ou de tout autre avis professionnel. Si vous avez counting, or other professional advice. If legal advice or other expert assis- besoin d’un avis juridique ou d’un autre avis professionnel, vous devez tance is required, the services of a competent professional should be sought. retenir les services d’un avocat ou d’un autre professionnel. Les analyses The analysis contained herein should in no way be construed as being either comprises dans les pr´esentes ne doivent etreˆ interpr´et´ees d’aucune fa¸con official or unofficial policy of any governmental body. comme etant´ des politiques officielles ou non officielles de quelque organ- isme gouvernemental que ce soit. 8 The paper used in this publication meets the minimum requirements of 8 Le papier utilis´e dans cette publication satisfait aux exigences minimales American National Standard for Information Sciences — Permanence of Pa- de l’American National Standard for Information Sciences — Permanence of per for Printed Library Materials, ANSI Z39.48-1984. Paper for Printed Library Materials, ANSI Z39.48-1984. ISSN 0703-5551 ISBN 978-0-7798-3869-1 Printed in Canada by Thomson Reuters CARSWELL, A DIVISION OF THOMSON REUTERS CANADA LIMITED One Corporate Plaza Customer Relations 2075 Kennedy Road Toronto 1-416-609-3800 Toronto, Ontario Elsewhere in Canada/U.S. 1-800-387-5164 M1T 3V4 Fax 1-416-298-5082 www.carswell.com Contact www.carswell.com/contact 9 B.L.R. (5th) iii DIGESTS OF CASES Business associations Changes to corporate status — Arrangements and compromises — With shareholders — Reorganization –––– Respondent T Inc. announced plan to convert non-voting shares to common shares — Petitioner was significant shareholder and opposed conversion — T Inc. proposed new arrangement which provided for exchange of all non-voting shares into common shares on one-for-one basis and gave dissent rights to non-voting shareholders — T Inc. brought ex parte application for interim order — Master granted interim order directing T Inc. to hold and conduct separate class meeting of non- voting shareholders and general meeting of common shareholders to con- sider and vote upon terms of arrangement — Shareholder brought applica- tions to vary interim order — Master dismissed applications — Shareholder appealed and T Inc. brought application for court approval of arrange- ment — Appeal dismissed, application granted and arrangement ap- proved — All evidence on application pointed to conclusion that arrange- ment which was proposed to non-voting shareholders was fair and reasonable — Positive vote by all shareholders was considered and was strong indication that shareholders considered that benefits outweighed neg- ative aspects. TELUS Corp. v. CDS Clearing and Depository Services Inc., 2012 Car- swellBC 4057 .................................. B.C. S.C. 23 Business associations Powers, rights and liabilities — Contracts by corporations — General prin- ciples — Personal liability of agent — On contracts –––– Plaintiff was con- tracted to do cabinetry work on condominium project allegedly by individual defendant — Plaintiff performed services — Plaintiff brought claim for un- paid invoices — Individual defendant argued plaintiff contracted with corpo- rations that operated together under name S. and individual defendant acted as agent of corporations — Plaintiff’s invoices were issued to S. and corre- spondence was on S. letterhead — Plaintiff was awarded judgment of $20,307.28 against individual defendant — Individual defendant failed to meet requirements necessary to exempt individual defendant from personal liability — Passing references to S. were made primarily after contract was entered into and were insufficient to make principal of plaintiff aware that individual defendant was contracting as agent on behalf of corporations. Shelby Huggins Inc. v. Venos, 2012 CarswellAlta 1815 ............ ........................................ Alta. Prov. Ct. 167 ivBUSINESS LAW REPORTS 9 B.L.R. (5th) Business associations Powers, rights and liabilities — Powers and capacities of corporations — Ultra vires transaction — What constitutes –––– Hedge fund controlled funds that held significant shares in telecommunications company, T Corp. — T Corp.
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