The Sequoia Litigation: Perspectives and Analysis

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Location

Calgary AB
Canada

Date
March 13, 2019
Type
Presentation
Event Type
Seminar/Webinar
Presenters
Cameron Hughes
Walker MacLeod
Description

This presentation will discuss 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 claim relates to restructuring and sales transactions conducted by Perpetual when it sold legacy shallow gas assets in east-central and northeast Alberta. This presentation will review the legal and credit issues raised by PwC in its claim, issues underscoring the ongoing evolution of bankruptcy and insolvency proceedings in Canada, and the strength of the Alberta Energy Regulator's orphan-well regime. 

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Social Media Task Force
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Exelon Corp

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