Publication
National Insolvency Review
Author:
Global | Publication | April 2016
Alberta’s oil and gas regulatory regime has once again clashed with the Companies’ Creditors Arrangement Act (“CCAA”). In CCAA proceedings initiated by Verity Energy Ltd. (“Verity”), the Albert Court of Queen’s Bench held that the Alberta Energy Regulator (“AER”) was estopped from refusing to transfer licenses for certain oil and gas assets, notwithstanding the fact that the AER has a statutory discretion to approve the transfer of such licenses.
The Court held that the estoppel arose from the AER’s counsel’s comments to the Court at Verity’s application for a Sale Approval and Vesting Order when counsel indicated he was supporting the application for the transfer of assets without also disclosing either to Verity or the Court that the AER intended to impose additional conditions on the license transfers.
Recent publications
Publication
The GCR Guide to Life Sciences – Product denigration
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The GCR Guide to Life Sciences – Merger control: Procedural issues
Miranda Cole, Julien Haverals and Emma Clarke of our Brussels/ London offices are the authors of a chapter on procedural issues in merger control that has been published in the third edition of the Global Competition Review’s The Guide to Life Sciences. This covers a number of significant procedural developments that have affected merger review of life sciences transactions.
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