What is the first step to wind up a company?
British Columbia, Canada
The following excerpt is from Callahan v. Shasta Properties Ltd., 2015 BCSC 663 (CanLII):
With respect to the first step, the leading authority on what constitutes just and equitable grounds to wind up a company remains the decision of Lord Wilberforce in Ebrahimi v. Westbourne Galleries Ltd., [1973] A.C. 360 [Ebrahimi].
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
What is the impact of an injunction being sought against a First Nations First Nation (formerly First Nations) band for access to their traditional lands? (British Columbia, Canada)
What is the procedure used by First Nations First Nations to obtain access to First Nations land? (British Columbia, Canada)
When a managing director of a company acts in breach of his fiduciary duties to the company, does he have to disclose to the purchaser of a part of the company’s business? (British Columbia, Canada)
Can a party who inherited shares in a company that was once owned by his mother, purchase the shares in the company for the same amount? (British Columbia, Canada)
In what circumstances will a company be awarded the minimum bonus entitlement for the first calendar year covered by a 15 month notice period? (British Columbia, Canada)
What is the difference between a wholly owned company and a company in which the controlling mind is not a controlling mind? (British Columbia, Canada)
What is the effect of an injunction restraining the wife from selling, disposing of or voting her shares in a company to effect a sale or disposal of the assets of the company? (British Columbia, Canada)
Can a shareholder of a company who is not a director of the company make an application for an oppressive manner? (British Columbia, Canada)
Can a lawyer be found guilty of professional misconduct for placing funds with a mortgage brokerage company when he knew that the registration of the company was under suspension? (British Columbia, Canada)
Can an officer who is not a company officer be bound by an admission made in a letter to a company? (British Columbia, Canada)
