Article
First Ontario Court Decision To Interpret Sanctions Against Russia Provides Guidance On "Deemed Control”
The Ontario Superior Court of Justice delivered its first decision applying Canada's sanctions regime under the Russia Regulations, dismissing an oppression claim against an Ontario corporation that suspended director appointment rights of a shareholder owned by senior officials of a designated Russian entity. The case provides crucial guidance on interpreting the "deemed control" test for entities not directly owned by sanctioned persons, establishing important precedent for Canadian businesses navigating
Blake, Cassels & Graydon LLP