CCAA vesting orders and Crown royalty arrears: Alberta Court of Appeal confirms finality
In Alberta (Energy and Minerals) v Spartan Delta Corp,1 the Court of Appeal held that Alberta Energy’s claims for both pre-filing and post-filing royalty arrears under leases sold subject to a CCAA vesting order were barred by operation of the joint, but not several, liability created under the Mines and Minerals Act, RSA 2000, c M-17 (MMA) and the wording of the vesting order. Spartan has important implications and provides…

