Is there any case law in which a party who was not involved in the day-to-day management of a company can fix the price of its shares?

British Columbia, Canada


The following excerpt is from Whistler Service Park Ltd. v. Glacier Creek Development, 2005 BCSC 1942 (CanLII):

Similarly, in Lee v. Lee, Mr. Justice Warren concluded that the parties who had been operating the company were in a better position to fix a fair price on the shares than the parties who were not involved in the day‑to‑day management.

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