Keyera Corp and Keyera Partnership receives swift judgment in complex commercial case

Acted for Keyera Corp and Keyera Partnership in an expedited trial ordered to determine rights of first refusal relating to a gas plant and corresponding oil and gas interests in certain lands in the West Pembina Area. The Plaintiff’s action threatened two asset deals among the Defendants worth $968 million. In Blaze Energy Ltd. v. Imperial Oil Resources, 2014 ABQB 326, the Alberta Court of Queen’s Bench upheld the Defendants interpretation of the rights of first refusal under the agreements at issues and offered the simple reassurance to the Defendants that Courts will abide by the reasonable expectations of parties in contract when deciding the scope and substance of rights of first refusal.To view the decision, click here.To read an article on the decision, click here.