The Friday Brief: Managing Editor’s must-read items from this week
Friday, February 01, 2019 @ 3:05 PM | By Matthew Grace
SCC rules bankrupt oil firm’s assets must meet provincial cleanup obligations ahead of paying secured creditors
The Supreme Court of Canada has ruled 5-2 that the trustee of a bankrupt Alberta oil and gas company must first use the money in the bankrupt’s estate to satisfy provincial requirements to remediate the company’s disowned non-producing oil and gas assets, ahead of making payments to the company’s creditors in line with the federal Bankruptcy and Insolvency Act (BIA).
Alberta legal aid strategic plan emphasizes outreach, reducing barriers to access
Legal Aid Alberta (LAA) has released a three-year strategic plan that highlights changing workplace culture, better communication of the organization’s mission and streamlining client service to better serve the needs of Albertans.
Supreme Court rules ‘Henson’ trust does not limit disabled beneficiary’s access to social assistance
In a positive decision for persons with disabilities, the Supreme Court of Canada has pronounced for the first time on the discretionary “Henson trusts” long used to set aside money or property for the benefit of persons with disabilities in a way that doesn’t jeopardize the trust beneficiaries’ eligibility for means-tested social assistance.
Ontario securities consultation to look at outdated rules, streamlined disclosure
The Ontario Securities Commission (OSC) is turning to the public to find ways to reduce regulatory burdens and ensure the province becomes a more competitive place to do business, and experts are saying it is an important step in addressing the challenges of 21st century financial markets.
Cannabis legalization ignores First Nations
In her column, Pamela Palmater writes: “For decades, federal and provincial governments, through their local, regional and national police agencies and court systems, have arrested, charged and imprisoned thousands of First Nations people for engaging in the cannabis trade. Many had hoped that Prime Minister Justin Trudeau’s stated commitment to renewing the relationship with Indigenous peoples and his desire to legalize cannabis would help address many issues, one of which being the crisis-level over-incarceration of Indigenous peoples.”
Matthew Grace is the Managing Editor of The Lawyer’s Daily.