Other than cash, a standby letter of credit (LoC) is generally considered the most liquid form of performance security. While beneficiaries generally believe drawing on an LoC should be.
Other than cash, a standby letter of credit LoC is generally considered the most liquid form of performance security. While beneficiaries generally believe drawing on an LoC should be a relatively simple process, many do not understand the extent to which the counterparty could try to stop you. This issue was addressed in Pacific Atlantic Pipeline Construction v. Coastal Gaslink Pipeline Ltd 2023 ABKB 736.
A new report by Amnesty International traces the years-long campaign of violence, harassment, discrimination, and dispossession against Indigenous Wet’suwet’en land defenders resisting the construction of Coastal GasLink (CGL) liquified natural gas pipeline through their unceded ancestral territory without their free, prior and informed consent. The report’s launch coincides with the 27th anniversary of the Supreme Court of Canada’s decision in Delgamuukw v British Columbia, a ruling which
TC Energy Corp. is moving ahead with plans to split the company into two entities by spinning off its liquids pipeline business, which will be called South.
TC Energy Corp. is moving ahead with plans to split the company into two entities by spinning off its liquids pipeline business, which will be called South Bow Corp., TC executives said Wednesday..