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The Oilers Stay Alive: Court of Appeal Denies Leave to Appeal the approval of a SISP and a Stalking Horse Purchase Agreement

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Insolvency Insider
July 12, 2024

Marc-André Morin, Nicolas Mancini and Lucas Métral of Fasken summarize the Alberta Court of Appeal’s decision to deny leave to appeal the approval of a SISP and a stalking horse purchase agreement in the Canadian Overseas Petroleum matter, underscoring the Court's focus on the broader objectives of the CCAA, including preserving jobs, maintaining operations and maximizing recovery for creditors, over individual creditor interests.