What remedies are available to an equal shareholder in a company that operates a retail store?

British Columbia, Canada


The following excerpt is from Elliott v. Opticom Technologies Inc., 2005 BCSC 529 (CanLII):

In Yen v. Yu, the parties were equal shareholders in the company, which operated a retail store, and they both worked in the business. A dispute arose between the parties and the store was unilaterally closed by one of the parties. After several months, that party reopened the store and operated it to the exclusion of the other party. It was held that the closure of the store was both oppressive and unfairly prejudicial to the excluded party as a shareholder. The remedy granted by the court was an order that the shares of the excluded shareholder be purchased by the other shareholder at a price equal to the full amount of the investment made by the excluded shareholder.

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