Recent case law has indicated that in applying the oppression and unfairly prejudicial conduct provisions of the federal and provincial Company Acts, Canadian courts are basing their analyses on protecting the reasonable expectations of shareholders. In Safarik v. Ocean Fisheries Ltd. et al the British Columbia Court of Appeal, while retreating from this analysis of the oppression provisions of the B.C. Company Act, has extended it in the context of family corporations to the just and equitable winding-up provisions of that Act. Safarik is also a cogent example of the courts using the inter-relationship of the oppression and winding up provisions, and their broad remedial powers under those provisions, to fashion a drastic solution for an intractable problem - resolving a breakdown in family relationships by potentially auctioning off the family company.

type Oppression, Just and Equitable Winding-Up and the Family Company