Key Issues:

• The dispute centers around whether Chase Wong was entitled to a 50% ownership interest in the defendant corporation, 10658987 Canada Inc., which was involved in acquiring and managing rental properties.
• The initial proceedings were for an oppression remedy under the Canada Business Corporations Act (CBCA), seeking a declaration of Wong's ownership interest and other compensations.
• The proceedings were converted from an application to a summary trial to resolve specific issues.

Court's Findings:

1. No Binding Agreement: The court found no binding agreement that entitled Wong to a 50% ownership interest in the corporation. Discussions and preliminary agreements about joint ownership were not finalized or formally documented.

2. Oppression Remedy Denied: Wong's claim for oppression under the CBCA was denied. The court held that there was no specific promise of ownership, and the discussions were always contingent upon further agreement.

3. Compensation for Contributions:

   • Wong was entitled to compensation for his financial contributions and services provided to the corporation.
   • He had already been repaid $170,000, which included part of his investment and renovation costs. However, there were disputes about additional sums and rent collected.
   • A reference was ordered to quantify the exact amounts owed to Wong for his expenses and commissions.

4. Costs Award:

   • The court awarded the Defendants $180,000 in costs on a partial indemnity basis, payable by Wong. The enforcement of this cost award was suspended for 60 days to allow the parties to negotiate a settlement.

Conclusion:

• The Plaintiff, Chase Wong, did not secure a ruling affirming his claimed ownership in the corporation but was recognized for his financial contributions and eligible for reimbursement. The Defendants were granted costs for the trial, reflecting their partial success in the proceedings.