Michael Salau and Kevin Henderson of Beale & Co share that the Canadian Bankers Association and the Attorney General of Alberta are seeking intervener status after a lower court granted private enforcers of environmental reclamation obligations a super-priority status, throwing into doubt the primacy of secured lenders and sending the Canadian lending sector into a tizzy.
Environmental Obligations Prioritised in Insolvency Proceedings: Appeals Update
Dec 29, 2023
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