The Sequoia Litigation, Part II: Decisions, Reasons and Speculation

Location

Calgary AB
Canada

Date
February 27, 2020
Type
Presentation
Event Type
Seminar/Webinar
Presenters
Cameron Hughes
Trevor Batty
Description

For the second session, the IECA is pleased to present Cameron Hughes, Energy Group Lead and Trevor Batty, Partner in the Bankruptcy & Insolvency Group at Field Law to lead a discussion entitled The Sequoia Litigation, Part II: Decisions, Reasons and Speculation. The presentation will briefly review the Statement of Claim filed by PricewaterhouseCoopers, Inc. LIT, in its capacity as trustee in bankruptcy of Sequoia Resources Corp., against Perpetual Energy Inc., Perpetual Operating Trust, Perpetual Operating Corp. and Susan Riddell Rose. The presentation will then review the Court’s decision and the court’s reasons for its decision, along with speculation as to possible future action that may be pursued by the litigants. The presentation will focus on regulatory and judicial considerations that shape the often competing interests of creditors involved in bankruptcy and insolvency proceedings and the Alberta Energy Regulator’s orphan-well regime.