And Courtenay says Canton must “pack up and go”

henry canton

In the many twists and turns, Eamon Courtenay also brought out the fact that Canton put the cart before the horse because he is already suing CPBL for damages for breaching his contract but he is still trying to keep his post. And according Courtenay, if the injunction was granted it would lead to a string of cases when companies have internal disputes.

Eamon Courtenay

“There’s an important point of company law here. Courts don’t manage companies. We can’t come to the court every time somebody doesn’t agree that a meeting should be held and try to get an injunction. That is a matter for the members to fight out in a general meeting and I think Madam Justice Hafiz was impressed with that point that she can’t be offering or ordering injunctions one day and not ordering them the next day if the parties are in dispute.”

Delahnie Bain

eamon courtenay

“You also made the point that Dr. Canton is already suing for damages for breach of his contract.”

Eamon Courtenay

“Well, as I told the court, it seems that we are in wonderland. I don’t know of any company that would allow its CEO to sue the company and at the same time insist on remaining in the position. Dr. Canton has to make an election. If the majority shareholders have lost confidence in him, as they say they have, then like everybody else, he has to pack up and go.”

Justice Hafiz will issue her reasons for rejecting the injunction in writing at a later date.