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How Liquid is Your Letter of Credit? | Bennett Jones LLP

Other than cash, a standby letter of credit (LoC) is generally considered the most liquid form of performance security. While beneficiaries generally believe drawing on an LoC should be. ....

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How Liquid is Your Letter of Credit?

Other than cash, a standby letter of credit LoC is generally considered the most liquid form of performance security. While beneficiaries generally believe drawing on an LoC should be a relatively simple process, many do not understand the extent to which the counterparty could try to stop you. This issue was addressed in Pacific Atlantic Pipeline Construction v. Coastal Gaslink Pipeline Ltd 2023 ABKB 736. ....

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Giant Gas Pipeline Owner, Contractor in $900M Payment Battle

TC Energy and contractor Pacific Atlantic Pipeline Construction are in dispute related to challenging $10.6B Canada Coastal GasLink natural gas pipeline that is nearly complete. ....

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Most actively traded companies on the Toronto Stock Exchange | iNFOnews | Thompson-Okanagan's News Source

TORONTO - Some of the most active companies traded Monday on the Toronto Stock Exchange: ....

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Coastal GasLink seeking $1.2B from contractor; alleges poor performance

CALGARY The company behind the Coastal GasLink pipeline is pursuing $1.2 billion in cost recoveries from one of its contractors. TC Energy Corp. terminated a contract with Pacific Atlantic Pipeline Construction last year, alleging poor performance. ....

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