Publication
International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
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 Second stage of the EPBC Act reform is announced
On 16 April 2024, the Hon Tanya Plibersek MP, the Minister for the Environment and Water (the Minister) announced progress on the package of reforms to the Environment Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act).
Publication
Calling all tipsters: The DOJ’s Pilot Program on Voluntary Self-Disclosures for Individuals
The DOJ Criminal Division’s Pilot Program on Voluntary Self-Disclosure for Individuals aims to encourage individuals with potential criminal exposure to voluntarily disclose corporate criminal conduct in exchange for discretionary grants of immunity.
Subscribe and stay up to date with the latest legal news, information and events . . .