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Client Work

Calmena Energy Services Inc. receivership proceedings

Fasken
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Overview

Client

HSBC Bank Canada

On January 20, 2015, the Court of Queen's Bench of Alberta, granted a receivership order against Calmena Energy Services Inc. (“Calmena”) on the application of its major secured creditor, HSBC, which was owed approximately $30 million.

The ongoing receivership involves the cross-border publicly traded oil service company’s $100 million debt and assets in Canada, USA, Mexico, South America and Africa.

Fasken Martineau represents HSBC in this matter with an insolvency and restructuring team that includes John Grieve and Travis Lysak, as well as Brent Lewis (corporate finance) and Arif Chowdhury (litigation).

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