Tag Archives: Sales Process

The pre-filing sales process in CCAA proceedings

In a previous post we discussed how the Court of Queen’s Bench of Alberta recently authorized a sale transaction after being satisfied with the appropriateness of a sales process that was undertaken prior to the issuance of the receivership order.  A pre-filing marketing and investment process may also be used to justify a sale transaction … Continue Reading

Pre-packaged sale transaction authorized in Alberta receivership proceeding

In the recent unreported decision of Alberta Treasury Branches v. Northpine Energy Ltd., the Court of Queen’s Bench of Alberta  authorized a disposition of a debtor’s assets by a receiver immediately upon appointment and without being forced to conduct a marketing process within the receivership proceedings. This decision is authority for the proposition that, where … Continue Reading