As we summarized in a recent Financial Services & Insolvency Communiqué, Saskatchewan has introduced Bill 151 (the Bill) which amends The Personal Property Security Act, 1993 (Saskatchewan) (the PPSA or the Act).
Canada, Saskatchewan, Banking, Insolvency & Restructuring, Real Estate, Miller Thomson LLP, Secured creditor, Personal Property Security Act 1990 (Canada)
One of the most vexing commercial insolvency issues is the competition between creditors with security on environmentally troubled property and environmental authorities looking for deep pockets to fix the environmental problems. From a creditor’s point of view, a recent Alberta decision is a potential respite from environmental obligations being imposed on creditors of the owners of environmentally troubled property.
Canada, Alberta, Environment & Climate Change, Insolvency & Restructuring, Litigation, Miller Thomson LLP, Environmental remediation, Bankruptcy, Bankruptcy and Insolvency Act 1985 (Canada)