Justice R. Graesser of the Court of Queen’s Bench of Alberta (Court) recently released his decision in Royal Bank of Canada v.Reid-Built Homes Ltd. (Decision), where he held that the Court has the discretion, but not the obligation, to grant a super priority for receivers’ fees and disbursements ahead of the claims of secured creditors.
Canada, Alberta, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP, Royal Bank of Canada, Bankruptcy and Insolvency Act 1985 (Canada)
On April 24, 2017, in Orphan Well Association v.Grant Thornton Limited, the Alberta Court of Appeal (Court) upheld Chief Justice N.
Canada, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP, Bankruptcy, Alberta Energy Regulator, Court of Appeal of Alberta