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LIENS - Priorities - Between lien holders and other types of creditors - Execution creditors

Tuesday, August 01, 2017 @ 8:35 AM | By John Carson

Appeal by the National Bank of Canada (National Bank) from the determination of priority of liens filed against the assets of Coast Resources Ltd. (Coast). National Bank provided various loans to Coast, a company engaged in exploration and development of oil and gas properties in Saskatchewan. Coast granted National Bank security for the amounts advanced, including a fixed and floating charge demand debenture. National Bank registered its security interests in Coast's real and personal property, securing indebtedness totaling $5.4 million. In 2014, National Bank obtained appointment...