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Personal Insolvency Rate Spikes Almost 53% In Alberta

The latest figures show that Alberta's insolvency rate has climbed dramatically since a year ago compared to the national rate, CBC News reported. The total number of insolvencies — bankruptcies and consumer proposals — filed by individuals increase ...

Daily Headline - global.abi.org - 06/29/2016 - 20:15 - 0 comments

Analytics, IFRS 16, cyber security and other key trends

Banking Bulletin: IFRS 16 Many banks lease significant property and equipment for their own use, lease investment property to others, or both. Are you ready for the new lease accounting rules? Read more. (Canada) bankruptcy,insolvency,hea ...

Resource Article - twallace@abiwor... - 06/29/2016 - 11:17 - 0 comments - 0 attachments

Transforming insurance, strong cyber security and other key trends

This month’s newsletter features a wide variety of topics from strategies for growth, opportunities for a sideways glance at other aspects of the financial services sector and trends in sustainability reporting and some perennial areas for vigilance in r ...

Resource Article - twallace@abiwor... - 06/29/2016 - 11:13 - 0 comments - 0 attachments

Frontiers in Finance, FinTech, and more

Featured thought leadership. Read more. (Canada) bankruptcy,insolvency,headlines,articles,legislatives,debt,resources,insol,Canada ...

Resource Article - twallace@abiwor... - 06/29/2016 - 10:11 - 0 comments - 0 attachments

Alberta’s energy regulator imposes further restrictions on embattled energy industry in response to Redwater

One month after the May 19, 2016 Alberta Court of Queen’s Bench’s decision in Redwater Energy Corporation (Re), 2016 ABQB 278 (“Redwater”), the Alberta Energy Regulator (“AER”) has released Bulletin 2016-16 (the “Bulletin”). The AER (and Orphan Well Asso ...

Resource Article - twallace@abiwor... - 06/28/2016 - 16:46 - 0 comments - 0 attachments

Banking Bulletin: IFRS 16

Many banks lease significant property and equipment for their own use, lease investment property to others, or both. Are you ready for the new lease accounting rules? Read more. (Canada) bankruptcy,insolvency,headlines,articles,legislatives, ...

Resource Article - twallace@abiwor... - 06/28/2016 - 14:59 - 0 comments - 0 attachments

Implications of the Redwater decision – Where does the buck stop?

Introduction On May 17, 2016, the Alberta Court of Queen’s Bench released its eagerly awaited decision in Redwater Energy Corporation (Re), 2016 ABQB 278 regarding the intersection between the provincial oil and gas regulations and the federal bankrupt ...

Resource Article - twallace@abiwor... - 06/28/2016 - 13:44 - 0 comments - 0 attachments

Revitalized Essar Steel Algoma May Emerge From Insolvency Under Its Own Power

Buoyed by an improving steel market, Essar Steel Algoma is now hinting it may be healthy enough to emerge from insolvency protection without a new buyer or outside investment, SooToday.com reported. In addition to reviewing bids from prospective purchase ...

Daily Headline - global.abi.org - 06/14/2016 - 23:49 - 0 comments

Twin Butte Weighs Options as Lenders Give Daily Extensions

In a sign of the scramble it’s become to secure financing in Canada’s energy patch, lenders are revising one company’s debt repayment deadline daily, Bloomberg News reported. For the third straight day, Twin Butte Energy Ltd.’s bankers on Thursday agreed ...

Daily Headline - global.abi.org - 06/02/2016 - 20:58 - 0 comments

Calgary Oil And Gas Firm Blames Sage Grouse Protection Order For Insolvency

A junior oil and gas company in Calgary is blaming an order aimed at protecting a rare Prairie bird for its insolvency, CTV News reported. LGX Oil + Gas says its daily operations and drilling plans were significantly disrupted when an emergency order und ...

Daily Headline - global.abi.org - 06/02/2016 - 20:58 - 0 comments

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