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TVS defeats dissident Daum for its client Petromin

TVS defeats dissident Daum for its client Petromin

In Reasons for Judgement released February 19, 2018, Madam Justice Iyer of the British Columbia Supreme Court dismissed a Petition brought by disgruntled shareholder, Tyrone Daum. The Daum Petition sought oppression and other relief against TVS’ client, Petromin Resources Ltd., including that Daum be added to the Petromin Board of Directors. In her Decision (indexed as 2018 BCSC 225), Iyer, J. found that Daum’s latest Petition was an attempt at an end run by him around previous decisions of the Court dismissing his various claims against Petromin. This, said the Judge, amounted to an abuse of process. The Judge also awarded $6000 lump sum special costs against Daum, stating:

[41] In my view an award of special costs is warranted here. Despite previous decisions of this Court, including cautions and an award of lump sum special costs, Mr. Daum proceeded with this Petition to fundamentally advance the same claim against Petromin that he has previously litigated.

The Decision is also notable in that the Court ruled that Mr. Daum cannot start any further proceedings against Petromin or its President Dr. Gorrell without first seeking leave of the Court.

Eric Bojm, Associate Counsel, acted for Petromin. Tyron Daum was self-represented.

The Decision can be found here: Judge Iyer, re Daum v. Gorrell, 02-19