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Aug 31, 2022 · On July 7, 2022, the Court granted an Approval and Vesting Order (“AVO”) in the CCAA Proceedings, providing among other things that the Monitor could effect a transaction (the “Transaction”) in which Bellatrix would be restructured, emerge from the CCAA proceedings and be replaced with 2350810 Alberta Ltd. (“Newco”) as the CCAA ...
The Alberta Court of Appeal recently released a decision in Bellatrix Exploration Ltd.’s (“Bellatrix”) proceedings under the Companies’ Creditors Arrangement Act (“CCAA”), in which the Court dismissed Bellatrix’s appeal of
Jun 22, 2021 · The Transaction was approved today by the Court of Queen’s Bench of Alberta (the “Court”) pursuant to an Approval and Vesting Order (the “Court Order”) in the Company’s proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”), and remains subject to certain remaining conditions.
The Transaction was approved today by the Court of Queen’s Bench of Alberta (the “Court”) pursuant to an Approval and Vesting Order (the “Court Order”) in the Company’s proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”), and remains subject to certain remaining conditions.
Jun 23, 2022 · The Transaction is the result of Bellatrix’s efforts to maximize additional value for the benefit of its stakeholders, following the sale transaction completed by Bellatrix in June 2020 pursuant to its CCAA proceedings, and following the Company’s previously announced transaction with 1184262 B .C. Ltd., an affiliate of Hillcore Group Ltd., whic...
Oct 25, 2021 · As the CCAA permits corporations undergoing restructuring to disclaim certain ongoing contractual obligations, Bellatrix estimated that it could realize an additional $14.2 million by...
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A recent decision in the Companies’ Creditors Arrangement Act (“CCAA”) proceedings of Bellatrix Exploration Ltd. (“Bellatrix”) serves as a useful reminder to professionals that a court-ordered charge may not be enough to ensure their fees will be paid at the end of the day.
