What Are “Unrelated Assets” When It Comes to Environmental Reclamation Obligations? The Lending Industry Needs to Know

Jassmine Girgis of the University of Calgary, Faculty of Law comments on Mantle Materials Group, Ltd v Travelers Capital Corp, the latest in a line of cases to apply Redwater, where the Alberta Court of Appeal confirmed that environmental obligations take priority over secured creditors outside of an oil and gas context.

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