All Wells May Not End Well: Alberta Court of Appeal Rules that Receivers and Trustees Can Orphan "Bad" Wells

In a much anticipated decision, a 2-1 majority of the Alberta Court of Appeal (the ABCA) has upheld the Alberta Court of Queen’s Bench (ABQB) decision in Re Redwater Energy Corporation, 2016 ABQB 278.

Filed under:
Canada, Alberta, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Stikeman Elliott LLP, Bankruptcy and Insolvency Act 1985 (Canada), Court of Appeal of Alberta
Authors:
David Price , Sarah M. Graham
Location:
Canada
Firm:
Stikeman Elliott LLP