PDF version: Empty Voting
Cases Considered: TELUS Corporation v Mason Capital Management LLC, 2012 BCCA 403 and Mason Capital Management LLC v TELUS Corporation, 2012 BCSC 1582
The most talked about Canadian corporate legal decision this year has been a British Columbia Supreme Court judgment in relation to TELUS’ attempt to convert a class of non-voting shares into voting shares. It was not even the ruling that had everyone talking, but several paragraphs of obiter near the end of the decision. The obiter concerned the phenomenon of “empty voting” and it was deemed sufficiently newsworthy to be reported in the national newspapers and discussed in legal blogs and articles on both sides of the border.