Court of Appeal of Alberta to Reconsider Whether Gross Overriding Royalties Run With The Land

A recent chambers decision holding that gross overriding royalties (“GOR”) can be vested off in a reverse vesting order (“RVO”) is on its way up to the Court of Appeal of Alberta (the “ABCA”). The ABCA has granted leave to appeal Invico Diversified Income Limited Partnership v NewGrange Energy Inc, 2024 ABKB 214 (“Invico”).

The Chambers Decision

Filed under:
Canada, Insolvency & Restructuring, Litigation, McMillan LLP, Court of Appeal of Alberta
Authors:
Michael D. Briggs , Sean Ralph , Adam C. Maerov , Spencer Klug
Location:
Canada
Firm:
McMillan LLP