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BANKRUPTCY & INSOLVENCY PROCEEDINGS - Appeals and judicial review - Practice and procedure - Effect on other proceedings - Courts - Jurisdiction - Stays - Pending concurrent proceedings

Monday, September 18, 2017 @ 2:18 PM  

Application by the Alberta Energy Regulator and the Orphan Well Association for a stay of the enforcement of a majority decision of the Alberta Court of Appeal pending appeal to the Supreme Court of Canada. The majority decision at issue determined that a receiver and trustee in bankruptcy appointed under the Bankruptcy and Insolvency Act must use the sale-of-assets proceeds to pay a bankrupt’s secured creditors before it paid the Alberta Energy Regulator the amount it claimed was required to discharge the bankrupt’s obligation to shut-in...