The oppression remedy is Ontario’s principal fairness-based corporate remedy. Under OBCA s. 248(2), the court may intervene where corporate conduct is oppressive, unfairly prejudicial, or unfairly disregards the interests of a security holder, creditor, director, or officer; under s. 248(3), the court’s remedial powers are broad and include restraining conduct, appointing directors, forcing a securities purchase, compensating an aggrieved person, rectifying records, creating or amending a unanimous shareholder agreement, and even winding up the corporation.
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