Getting Closure: Alberta Court Rejects Attempt To Hold Purchaser Liable For A Seller's Post-Closing Royalty Arrears

On April 21, 2023, the Court of King's Bench of Alberta (Court) released its decision in Terra Energy Corp (Re). In this decision, the Court rejected the Government of Alberta's attempt to recover oil and gas royalty arrears, owed by Terra Energy Corp. (...

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