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

Jessica Cameron, Tiffany Bennett and Mariah Kozyra of Fasken share that the Alberta Court in AlphaBow refused to stay the AER’s security-deposit requirements during CCAA proceedings, holding that the regulator was acting in a public-duty capacity rather than as a creditor and that environmental obligations cannot be deferred to facilitate a restructuring, reinforcing Redwater’s priority of remediation over creditor recoveries.

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