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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 the lower court’s decision that certain agreements (the “ Contract ”) between Bellatrix and BP ...
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 30, 2021 · In Bellatrix, the Contract was comprised of a (i) GasEDI Base Contract for Short-Term Sale and Purchase of Natural Gas and Special Provisions for GasEDI Base Contract (collectively, the "GasEDI Agreement"), and (ii) several Transaction Confirmations for Immediate Delivery (the "Transaction Confirmations"). Pursuant to the GasEDI Agreement ...
- Owen Gaffney
Feb 17, 2021 · Bellatrix Exploration Ltd. (Bellatrix) obtained protection under the Companies’ Creditors Arrangement Act (Canada) (CCAA). At the time of the CCAA filing, Bellatrix was party to certain contracts with an energy producer (EP) for the purchase and sale of natural gas (Contract).
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”), among other approvals and applicable conditions.
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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.
