News Release

Alberta Court of Appeal allows appeal

Dec 16, 2021

CALGARY – December 16, 2021 - In a Memorandum of Judgment, the Alberta Court of Appeal has allowed an appeal from a decision of the Court of Queen’s Bench of Alberta, concluding that a judgment owing to the Alberta Securities Commission (ASC) did not fall within the exceptions to discharge from bankruptcy enumerated under the Bankruptcy and Insolvency Act (Canada).

A copy of the Memorandum of Judgment is available at albertasecurities.com.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

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For further information please contact:

Theresa Schroder
Senior Advisor, Communications
587.830.4286
theresa.schroder@asc.ca

ASC Public Inquiries
Toll Free: 1-877-355-4488