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The author scrutinizes the real relationship between third parties and shareholders of a corporation. He questions the classic doctrine to the effect that there is no contractual relations between them. In fact, direct contractual relations may arise in private corporations where shareholders are very closely concerned with the corporate business. So, it may happen that a third party’s action, in the course of a contract with the corporation, may generate a contractual liability towards the shareholders of the corporation. However, that does not mean that these shareholders have a direct recourse against the third party. This recourse will be possible only in specific circumstances.

revue générale de droit

Les actionnaires, le voile corporatif et les tiers : quelques réflexions sur l’arrêt Houle c. Banque Canadienne Nationale et la véritable nature de ces rapports