November 3, 2021
Western Oilfield Equipment Rentals Ltd., an industrial vacuum equipment supplier in Leduc, Alberta, was placed in receivership on November 3 on application by HSBC. The company committed various defaults under the facility letter with HSBC, and the forbearance period granted by HSBC has now expired. The company intends to wind down its business and consented to the receivership. EY was appointed receiver. Counsel is Faskens for HSBC.