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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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