Global InformationPeso Silver Mines Ltd v Cropper information
| Peso Silver Mines Ltd v Cropper | |
|---|---|
 Supreme Court of Canada | |
| Hearing: April 27, 28, 1966 Judgment: June 20, 1966 | |
| Citations | [1966] S.C.R. 673, 58. D.L.R. (2d) 1 |
| Prior history | APPEAL and CROSS-APPEAL from a judgment of the Court of Appeal for British Columbia[1] |
| Ruling | Appeal and cross-appeal dismissed |
| Holding | |
| A director must not make a profit out of property acquired by reason (and only by reason) of his relationship to the company of which he is a director. | |
| Court membership | |
| Puisne Justices | Cartwright, Martland, Judson, Ritchie and Hall JJ. |
| Reasons given | |
| Unanimous reasons by | Cartwright J. |
Peso Silver Mines Ltd v Cropper, [1966] S.C.R. 673,[2] is a leading Canadian case decided by the Supreme Court of Canada on the fiduciary duty of corporate directors, the boundaries of conflict of interest, and the type of damages that may be obtained in cases of wrongful dismissal.
- ^ (1965), 54 W.W.R. 329, 56 D.L.R. (2d) 117
- ^ Full text of Supreme Court of Canada decision at LexUM and CanLII