Business Law and Corporate Law

After a 30-year career as one of Torys’ top dealmakers, Sharon Geraghty made a bold career move by becoming Executive Vice President and General Counsel at Great-West Lifeco.

The Ontario Court of Appeal has clarified a critical aspect of corporate law: directors and shareholders who expressly direct a corporation to commit wrongful acts can be held personally liable, even when acting within their official capacity. This landmark decision examines when courts will pierce the corporate veil to reach the individuals behind corporate misconduct, and what evidence is required to overcome the fundamental principle of corporate separateness.

The Québec Financial Markets Tribunal ruled on a transnational pump-and-dump scheme in Solo International Inc., finding violations of securities laws and imposing administrative penalties.