The Quebec courts, including the Superior Court, Commercial Division, District of Montreal, declared that they were resuming their activities in progressive fashion as of Monday, June 1.
This morning, June 1, Jean-Pierre Sheppard and Lauren Flam, from our Commercial Litigation Team, attended court on behalf of a shareholder involved in a dispute within a family company. RSS obtained an order forcing the other shareholder/director to cease unilaterally declaring dividends, withdrawing funds from the company’s bank accounts and from using the company’s credit facilities.
Defendant’s signing authority on behalf of the company was temporarily suspended, including for all transactions with the company’s financial institutions. Defendant was also ordered to cease making certain false statements to company’s suppliers and clients to the effect that the company had ceased operations.