Vesting Order Bars Claims for Unpaid Crown Royalties

Keely Cameron and Gracie Boser of Bennett Jones report that the Alberta Court of Appeal confirmed co-lessees are jointly, rather than jointly and severally, liable for Crown royalties, meaning a CCAA vesting order or stay affecting one co-lessee can bar or suspend recovery against the others, while potential liability for working interest participants remains unresolved.

Read more.