On October 2, 2012, I blogged about court intervention in shareholder proxy contests in British Columbia. One of the cases referenced was a petition brought by TELUS to quash a meeting of TELUS’s shareholders requisitioned by an American hedge fund, Mason Capital Management LLC (“Mason Capital”). This meeting was requisitioned in an attempt to block a merger of ...
2012 has seen a large increase in court applications relating to shareholder proxy contests in British Columbia. In the face of these increased number of applications, the Supreme Court of British Columbia has shown an increased willingness to intervene to ensure meetings and proxy contests are conducted fairly.
On September 20, 2012, the Court gave oral reasons in ...
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