Will this proposal capture unfunded liabilities under defined benefit pension plans?
Canada, Saskatchewan, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Miller Thomson LLP, Financial regulation, Defined benefit pension plan
The Alberta Court of Appeal recently released its decision with respect to the appeal of Brookfield Bridge Lending Fund Inc. v. Vanquish Oil and Gas Corporation and has rekindled discussion as to the risks associated with an Operator’s right to commingle his own general funds with trust funds held for the benefit of Joint Operators.
Facts
Canada, Alberta, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Miller Thomson LLP, Secured creditor, Constructive trust, Trustee, Court of Appeal of England & Wales, Court of Appeal of Alberta