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Canadian court rejects proposed derivative action in $1.8b arbitral claim (DeCotiis v Petromin)

Canadian court rejects proposed derivative action in $1.8b arbitral claim (DeCotiis v Petromin)
Published on: 05 April 2017
Published by: Law360
  • Canadian court rejects proposed derivative action in $1.8b arbitral claim (DeCotiis v Petromin)
  • What did the court decide?
  • What was the background to the latest decision?

Article summary

Arbitration analysis: Law360, New York. The British Columbia Supreme Court has shot down a suit by activist investors in an energy company over the fate of a potential $1.8b arbitral award, saying the investors had failed to show their proposed derivative action constituted a good faith effort to represent the company’s shareholders. or take a trial to read the full analysis.

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