Crash Landing: Comment on Airline Industry Revitalization Co. v. Air Canada
Posted: 20 May 2013
Date Written: 2000
This case addresses the right of an applicant (Airline Industry Revitalization Co.) to requisition a shareholders' meeting so that shareholders of a target company (Air Canada) can consider a take-over bid offer. The author argues that the judgment in the case is deficient in its interpretation of section 143 of the Canada Business Corporations Act and in its failure to consider the Air Canada board's fiduciary duties.
Keywords: Shareholder Rights, Statutory Interpretation
Suggested Citation: Suggested Citation