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No Stay for Security: Alberta Court Affirms Regulator's Public Duty in AlphaBow

In the recent decision of AlphaBow Energy Ltd. (Re) (“AlphaBow”),[1] the Alberta Court of King’s Bench dismissed AlphaBow’s application to stay the Alberta Energy Regulator’s (“AER”) request for a security deposit for the duration of its restructuring proceedings.

Background

Canada, Alberta, Insolvency & Restructuring, Litigation, Fasken, Mediation, Supreme Court of Canada
No Laughing Matter: Court Delivers Punchline on Wage Protection in the Just For Laughs Case

Insolvency & Restructuring Bulletin

A recent court decision has provided clarity on the application of the Wage Earner Protection Program Act (“WEPPA”) to former employees of companies undergoing restructuring under the Companies’ Creditors Arrangement Act (“CCAA”). The central issue was whether WEPPA applies to employees who were terminated as a result of a reverse vesting order (“RVO”).

Background

Canada, Employment & Labor, Insolvency & Restructuring, Litigation, Fasken, Companies' Creditors Arrangement Act 1933 (Canada), Bankruptcy and Insolvency Act 1985 (Canada), Wage Earner Protection Program Act 2005 (Canada)
All the Single Debtors: Court Refuses to Expand Exceptions to the Single Debtor Rule Under Doctrine of Marshalling

Insolvency and Restructuring Bulletin

Canada, Alberta, Insolvency & Restructuring, Litigation, Fasken, Debtor, Court of Appeal of Alberta
Retail Therapy Denied: Court Dismisses Motion to Assign Hudson’s Bay Leases
Canada, Insolvency & Restructuring, Litigation, Fasken, Ontario Superior Court of Justice