On January 26, 2026, the Court of King’s Bench of Alberta (ABKB) held that the Alberta Department of Energy and Minerals (Alberta Energy) is required to first advance its claim for royalty arrears owed by an insolvent energy company within ongoing restructuring proceedings of that insolvent company, before seeking recovery from jointly liable solvent co-lessees.
Canada, Alberta, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP, Insolvency, Supreme Court of Canada