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Civil liability — Obligation of loyalty — Implied contractual obligations

(0:00:09) Reasons for Judgment: Kasirer J. (Wagner C.J. and Karakatsanis, Rowe, Jamal and O’Bonsawin JJ. concurring)
(0:00:16) I. Overview
(0:08:44) II. Background
(0:16:20) III. Judicial History
(0:16:22) A. Quebec Superior Court
(0:19:50) B. Quebec Court of Appeal
(0:21:48) IV. Parties’ Arguments and Issues
(0:24:01) V. Analysis
(0:24:03) A. Did the Appellants’ Non‑Disclosure of the Interest Expressed by IA Constitute a Civil Fault?
(0:25:50) (1) First Possible Basis: Obligation of Loyalty Arising From the Exercise of Powers in the Interest of Another
(0:31:44) (2) Second Possible Basis: Extracontractual Obligation to Inform in the Negotiation and Formation of a Contract
(0:35:56) (3) Third Possible Basis: Implied Contractual Obligation to Inform
(0:47:04) (4) Fourth Possible Basis: Obligation to Perform the Presidents’ Agreement in Accordance With the Requirements of Good Faith
(0:50:42) B. Basis for the Remedy and Amount Owed to the Respondents
(0:50:46) (1) Availability of Disgorgement of Profits as a Remedy
(0:59:58) (a) Disgorgement of Profits Where There Is an Obligation of Loyalty in the Exercise of a Power
(1:03:24) (b) Disgorgement of Profits Where There Is No Exercise of Power
(1:11:42) (2) Award of Damages Pursuant to the Presumption in Baxter