The recent decision of the Alberta Court of Appeal in Panamericana de Bienes y Servicios S.A. v. Northern Badger Oil & Gas Ltd. may have a detrimental effect on secured creditors by allowing a provincial administrative body to circumvent the ranking provisions contained in the Bankruptcy Act. This note summarizes the court's analytical approach in such cases.
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Harry J Thompson, "Secured Creditors' Right Threatened: Oil and Gas Wells Must be Made Environmentally Safe Before Creditors Paid" (1992) 1 Dal J Leg Stud 185.