On December 2, 2020, we blogged about the release of a British Columbia Court of Appeal decision affirming a denial of leave for 2538520 Ontario Ltd. (253) to bring a derivative action on behalf of Eastern Platinum Limited (EPL) against various of EPL’s directors and officers: 2538520 Ontario Ltd. v Eastern Platinum Limited, 2020 BCCA 313 (Eastern Platinum). That blog post is linked here.
Eastern Platinum is an important case because it clarifies that an application for leave to bring a derivative action may be denied if there is reason to believe … Continue Reading