Teck Corp. Ltd. v. Millar
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Teck Corp. Ltd. v. Millar, (1972), 33 DLR (3d) 288 (BCSC) is the leading Canadian corporate law decision on a corporate director's fiduciary duty to resist a takeover bids. Justice Berger held that a director may resist a take-over so long as they are acting in good faith, and they have reasonable grounds to believe that the take-over will cause substantial harm to the interests of the corporation. The case represented a major change away from the standard set in the English case of Hogg v. Cramphorn Ltd. (1963).
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