The Oppression Remedy - our choice for legal action in Canada. What does remedy mean? It is: The means by which a right is enforced or by which the violation of a right is prevented or compensated. The means employed to enforce a right or redress an injury. http://www.lectlaw.com/def2/q031.htm
From the case: 1413910 Ontario Inc. v. McLennan
34_______ The oppression remedy is designed to address, where oppression is found, the imbalance of power on the part of those in control with the vulnerability on the part of those having a genuine stake in the affairs of corporation but no control over its conduct. In my view, a person to whom the corporation owes an obligation affirmed by judgment but as yet unquantified by assessment of damages, is in no less vulnerable position vis à vis the corporation and has no less a legitimate stake or interest in the manner in which the affairs of the corporation are conducted than one to whom a liquidated sum is owed.
Minority Shareholder's Rights per the Securities Laws in Canada. Under section 6 of the Instruments, Rules and Policies relating to Takeover Bids and Special Transactions is protection for the minority shareholders. For further reading click on the following text.
From the desk of the SEC.
Thanks to all shareholders who have contributed financial and human capital to advance the process of recovery of your investment losses in Birch Mountain. Thanks also to shareholders who have stepped up to write their Congressional representatives, take action and get involved for the benefit of all. You are making a difference.