What is the difference between duties owed to a corporation and the duty owed to shareholders?
Newfoundland and Labrador, Canada
The following excerpt is from Walsh v. TRA Company Limited, 2022 NLSC 6 (CanLII):
The Walshes’ confusion about the distinction between duties owed to a corporation and duties owed to shareholders is not uncommon in litigation involving attempts to circumvent the rule in Foss v. Harbottle and to pierce of the corporate veil.
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