Navigating the Quagmire of Oil and Gas Transactions with Income Trusts

Authors

  • Trudy Curran Canadian Oil Sands Limited, Calgary.
  • Pat Mcguire Bennett Jones LLP, Calgary.

DOI:

https://doi.org/10.29173/alr352

Abstract

This article examines the current trend towards income

trust conversion in the oil and gas industry and the various business and legal implications which arise as a result. Documented is the history ofthe development of the income trust, various methods in which income trusts are managed structures in which they exist, methods ofconversion, and lax treatment. The various implications of income trusts to the oil and gas lawyer are then discussed, with a focus on asset transactions and multi-party deals, as well as the concerns arising for counter parties to a transaction with a trust entity.  Finally, evolving issues affecting income trusts are addressed.

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Published

2015-12-30

Issue

Vol 44, No 1: Petroleum Law Edition

Section

Articles

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