The Second Opinion: The B.C. Court Of Appeal Preserves The Corporate Veil Sort Of
In a just-released decision, the British Columbia Court of Appeal declined to pierce the corporate veil between a group of related entities.
The pertinent facts of the decision in XY, LLC v. Zhu, 2013 BCCA 352 are as follows. XY, LLC ("XY") licenced technology to JingJing Genetic Inc. ("JingJIng"). Mr. Zhu was the controlling shareholder of JingJing and a related group of companies (the "IND Group"). JingJing provided XY with false reports concerning revenues it received from the use of XY's technology, underpaid royalties to XY, concealed documents from XY, and violated its confidentiality...
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