Court: Creditor security subordinate to environmental obligations in gravel business’ insolvency

By Karunjit Singh (August 30, 2023, 2:22 PM EDT) -- An Alberta court has held that the security interest of a creditor of an insolvent gravel pit operator was subordinate to the company’s liability to complete environmental reclamation work under orders issued by Alberta Environment and Protected Areas (AEPA)....
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