In late May, the Supreme Court of Canada the SCC denied an application for leave to appeal a decision of the Court of Appeal of Alberta the ABCA, which, in turn, had denied leave to appeal of the decision of the Court of King s Bench of Alberta the ABKB in Re Mantle Materials Group, Ltd, 2023 ABKB 488 Mantle KB. The decision in Mantle KB held that the interests of secured creditors are subordinate to environmental obligations pursuant to the Environmental Protection and Enhancement Act EPEA, thus confirming that the priority of environmental obligations determined by the SCC in Orphan Well Association v Grant Thornton Ltd, 2019 SCC 5 Redwater applies beyond the oil and gas industry.
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VANCOUVER, BC, April 14, 2021 /PRNewswire/ - Travelers Capital, a transitional capital financing initiative from Travelers Financial Group designed to support small and mid-market businesses that operate in asset-intensive industries, announced today its alliance with Ritchie Bros., a leading global provider of asset management, valuation, and disposition solutions.
After a series of successful closings facilitated by working alongside the Ritchie Bros. team, Travelers Capital has chosen Ritchie Bros. as its preferred disposition agent and Ritchie Bros. affiliate Rouse Appraisal Services as its valuation partner for appraisal services on all heavy equipment financing transactions. Ritchie Bros. set of solutions will provide the best platform for our customers to access untapped liquidity by recapitalizing their revenue-producing assets or through up-front dispositions on their under-utilized fleet during an initial consultation, said Jim