2024 CLD 58 SUPREME-COURT-OF-CANADA

Case information

Citation: 2024 CLD 58 SUPREME-COURT-OF-CANADA
Court: Supreme Court of Pakistan
Year: 2024
Reporter: CLD

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

ANTOINE PONCE AND DANIEL RIOPEL VS SOCIÉTÉ D'INVESTISSEMENTS RHÉAUME LTÉE, MICHEL RHÉAUME INVESTISSEMENT LTÉE, AGENCE ANDRÉ BEAULNE LTÉE AND 9098-3289 QUÉBEC INC. Group of companies---President---Implied contractual obligations---Obligation of loyalty---Obligation to act in good faith---Duty to inform---Remedy for breach---Certain company informed presidents of a group of companies that it was interested in acquiring their group---Presidents did not disclose such information to group's majority shareholders---Presidents purchased shareholders' interests in the group and resold them to the company for a profit---Question as to whether presidents' non-disclosure of interest expressed by the company in acquiring the group constituted a civil fault and if so, then what was the appropriate remedy.

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