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Redwater Reigns: SKCA Affirms Redwater's Applicability After Failed CCAA - Vimarsana News

Redwater Reigns: SKCA Affirms Redwater's Applicability After Failed CCAA

The Saskatchewan Court of Appeal has confirmed that the Supreme Court of Canada's decision in Orphan Well Association v. Grant Thornton Ltd, 2019 SCC 5 [Redwater], applies in Saskatchewan. The Court of Appeal also affirmed that orders made in failed proceedings in Alberta under the Companies' Creditors Arrangement Act did not have effect in subsequent receivership proceedings in Saskatchewan. The Court held that the CCAA proceedings did not impose payment obligations on Bow River outside of the statutory requirements already present. Additionally, the CCAA proceedings did not establish a trus...

Saskatchewan Court of King's Bench Rejects Rural Municipality's Attempts to Elevate Priority in Receivership - Vimarsana News

Saskatchewan Court of King's Bench Rejects Rural Municipality's Attempts to Elevate Priority in Receivership

The Court of King's Bench for Saskatchewan has rejected another attempt by a rural municipality to gain priority in an oil and gas receivership. This follows the recent Alberta Decision in Orphan Well Association v Trident Exploration Corp, 2022 ABKB 839, where the Alberta Court of King's Bench confirmed that the abandonment and reclamation obligations owed to the Orphan Well Association and the Alberta Energy Regulator rank in priority to claims of municipalities for unpaid property taxes in insolvency proceedings.

Saskatchewan Court of King's Bench Rejects Rural Municipality's Attempts to Elevate Priority in Receivership | Bennett Jones LLP - Vimarsana News

Saskatchewan Court of King's Bench Rejects Rural Municipality's Attempts to Elevate Priority in Receivership | Bennett Jones LLP

The Court of King's Bench for Saskatchewan has rejected another attempt by a rural municipality to gain priority in an oil and gas receivership. This follows the recent Alberta Decision...

Environment Canada issues tornado warning for area near Kindersley, Sask. - Vimarsana News

Environment Canada issues tornado warning for area near Kindersley, Sask.

Environment Canada warned Sunday evening that a series of severe thunderstorms near Kindersley were developing the potential to produce tornadoes.

Barcham Trees near Ely plan visitor centre and cafe - Vimarsana News

Barcham Trees near Ely plan visitor centre and cafe

Barcham Trees says turning 7,000 square feet barn they bought three years ago into a visitor centre and restaurant holds the key to their future.