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Oct 2, 2019 · In accordance with section 23 (1) (ii) (b) of the CCAA and the Initial Order, a notice will be sent within 5 days of the Filing Date to every known creditor of the Applicant who has a claim against the Company of more than $1,000.
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 the lower court’s decision that certain agreements (the “Contract”) between Bellatrix and BP Canada ...
Jul 14, 2020 · 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.
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 ...
Jun 30, 2021 · Accordingly, shortly after the commencement of the CCAA proceedings, Bellatrix purported to disclaim the Contract pursuant to s. 32 of the CCAA. BP opposed the disclaimer, asserting that the Contract was an EFC and the notice of disclaimer was therefor ineffective.
- Owen Gaffney
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.
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Jun 23, 2022 · The Transaction remains subject to the approval of the Court of Queen's Bench of Alberta (the " Court ") in the Company's proceedings under the Companies' Creditors Arrangement Act (the " CCAA...
