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Un tribunal de l’Alberta refuse d’approuver un plan d’arrangement considéré non équitable et déraisonnable

Dans l’affaire HEAL Global Holdings Corp (Re), la juge E.J. Sidnell a refusé d’approuver le plan d’arrangement proposé par les parties (l’« arrangement ») parce que ce dernier n’était pas équitable ou raisonnable. Cette...more

Not Fair, Not Reasonable: Alberta Court Declines to Heal a Flawed Plan of Arrangement

In HEAL Global Holdings Corp (Re), Justice E.J. Sidnell declined to approve a proposed arrangement (Arrangement) because it was not fair or reasonable. This recent Alberta Court of King’s Bench (Court) decision provides...more

Yukon Court of Appeal Returns Principles of Fair Value to Public M&A Transactions

In its recent decision in Carlock v. ExxonMobile Canada Holdings ULC, 2020 YKCA 4, the Yukon Court of Appeal (Court of Appeal) overturned an order that set the fair value of shares held by dissident shareholders at a 43 per...more

Plan of Arrangement: A Vote for All? Not So, Says Court of Appeal

In Smoothwater Capital Corporation v. Marquee Energy Ltd. (Smoothwater), the Alberta Court of Appeal (Court) overturned the Alberta Court of Queen’s Bench controversial decision granting shareholders of an acquiring company a...more

A New Arrangement? Alberta Court Requires Shareholder Vote for Acquiring Company in a Plan of Arrangement

In a recent Court of Queen’s Bench of Alberta case, Alberta Oilsands Inc. (Re) (Alberta Oilsands), Justice A. D. Macleod made a surprising decision in the context of a plan of arrangement under the Business Corporations Act...more

Feeling Oppressed? Not if it’s from a Breach of Contract, Says Court of Appeal

In Shefsky v. California Gold Mining Inc., the Alberta Court of Appeal (Court) upheld the chambers judge’s decision and dismissed the appeal of Martin Shefsky in a fight for control of the board of directors of California...more

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