Lexpert Special Editions

Special Edition on Litigation 2017

The Lexpert Special Editions profiles selected Lexpert-ranked lawyers whose focus is in Corporate, Infrastructure, Energy and Litigation law and relevant practices. It also includes feature articles on legal aspects of Canadian business issues.

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WWW.LEXPERT.CA | 2017 | LEXPERT 39 Wilcox, Peter R. Belmore Neidrauer LLP (416) 863-3363 peter.wilcox@belmorelaw.com Mr. Wilcox has over 20 years of experience litigating complex intellectual property cases. He has particular expertise representing pharmaceutical and biotechnology companies in patent disputes. He also has experience litigating medical device and oil and gas technology patents, as well as trademark, copyright and trade secret disputes. White, J. Bradley Osler, Hoskin & Harcourt LLP (613) 787-1101 bwhite@osler.com Mr. White, partner and chair of the National Intellectual Property Department, practises IP law with a focus on complex patent litigation and prosecution. He advises clients on strategic management of their patent portfolios and enforcement, including the coordination and management of multi-jurisdictional litigation, and is registered as a patent agent including to practise before the USPTO. Watson, Michael S.F. Gowling WLG (416) 369-7245 michael.watson@gowlingwlg.com Mr. Watson is Adjunct Professor of Law at Toronto's Osgoode Hall Law School, and also teaches at the University of Notre Dame and l'Université de Moncton. He is a partner in the Toronto office of Gowling WLG, practising in the area of corporate and commercial litigation, administrative law, and employment and labour relations. Waddell, Margaret L. Waddell Phillips Professional Corporation (416) 477-6979 marg@waddellphillips.ca Ms. Waddell is a founding partner of Waddell Phillips Professional Corporation and leads the Class Action practice group. She is a recognized leader with particular experience and expertise in class actions, acting on cases involving consumer protection, securities fraud, product liability and institutional abuse. Ms. Waddell represents plaintiffs and defendants. Veneziano, Mark Lenczner Slaght Royce Smith Griffin LLP (416) 865-3051 mveneziano@litigate.com Mr. Veneziano is an expert trial lawyer having conducted dozens of trials and arbitrations as lead counsel. His practice has a particular emphasis on commercial and civil litigation, professional liability, shareholder disputes, insurance coverage, securities, construction and real estate law. His clients range from corporations and physicians to stockbrokers and banks. Van Barr, Christopher C. Gowling WLG (613) 786-8675 christopher.vanbarr@gowlingwlg.com Mr. Van Barr is a lead IP trial counsel and appeal counsel, appearing in courts across Canada. He practises exclusively in IP Litigation with emphasis on complex patent litigation. He has expertise also in trademark, copyright and trade secret litigation. LEXPERT-RANKED LAWYERS Schutz) held that: By attempting to extract security deposits or the performance of abandonment obligations on a transfer of AER licenses, the AER was in effect transferring the proprietary value in the bankrupt estate from the underlying real property assets of Redwater (which were interests in its oil and gas properties) to the AER licences, contrary to the scheme of distribution contemplated under the Bankruptcy and Insolvency Act (BIA). A trustee and receiver is entitled to abandon or renounce oil and gas assets encumbered with environmental obligations, the court found. "It is commonplace for trustees and receivers to disclaim or 'abandon' assets," Justice Slatter wrote in the majority decision. "Whether they formally abandon the assets, or merely leave them unrealized at the end of the bankruptcy process makes little difference. A trustee must transfer unrealized assets to the bankrupt at the end of the process. ... If a trustee decides that an oil and gas well has no net realizable value, ... the trustee can effectively ignore the asset. ... "[T]he BIA recognizes the ability of a trustee to abandon assets that are subject to environ- mental obligations." e AER's requirement that security be posted for abandonment obligations, or diverting value from the bankrupt estate to ensure that remedi- ation is performed, is sufficient to classify the claims of the AER as financial in nature, making them a creditor whose claims are subject to the priorities prescribed by the BIA. e AER can- not indirectly interfere with the value of assets in a bankruptcy by placing financial preconditions on the transfer of AER licences. Based on the doctrine of federal paramountcy, the obligations of trustees and receivers under both the Oil and Gas Conservation Act (OGCA) and the Pipeline Act (PA) to abandon oil wells and pipelines; pay the costs of remediation per- formed by other persons; and to obey any order of the AER is in operational conflict with section 14.06 of the BIA. Section 14.06 of the BIA ex- empts a receiver or a trustee from personal liabil- ity, allows a trustee and receiver to disclaim assets, and prescribes the priority of environmental re- mediation costs. e majority of the Alberta Court of Ap- peal also held that the applicable sections of the OGCA and PA frustrate the federal purpose of the BIA of managing the winding up of insolvent corporations and settling the priority of claims against them. e majority therefore confirmed that such obligations of the AER are unenforce- able as against the Receiver and Trustee. Arguing the applications on behalf of Grant ornton were Jeffrey Oliver, with Danielle Maréchal of Cassels Brock & Blackwell LLP and

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