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David LeGeyt

Partner

403.260.0210
dlegeyt@bdplaw.com
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Education:
University of Alberta, LLB, 1997

Queen's University, Bachelor of Science (Honours), 1993

Bar admission: Alberta 1998
Industries:
Agribusiness, food and beverage, Franchises, dealerships and distributorships, Construction, Financial services, Oil and gas, Real estate
Practice areas:
Banking and finance, Business law, Corporate reorganizations, Litigation and dispute resolution, Restructuring and insolvency

Experience

David's focus is on commercial litigation and restructuring and insolvency, including:

  • All aspects of insolvency proceedings and reorganizations, including related litigation
  • Representing institutional lenders, debtors, trustees and receivers, shareholders, directors, creditors' committees, DIP lenders, purchasers and other stakeholders seeking advice in a wide range of insolvency matters
  • Appearing in insolvency related matters in the Courts of Alberta, British Columbia, Saskatchewan, Manitoba and Ontario.

Professional history

Prior to joining BD&P in 2017, David had nearly 20 years' experience as an insolvency practitioner with a major international law firm.

Community involvement

David serves as a Director of Calgary Meals on Wheels.

Recent cases 

  • Vertex Downhole Ltd. – Counsel to debtor in BIA restructuring proceedings
  • Glenogle Energy Inc. – Counsel to purchaser in receivership proceedings, pursuant to a reverse vesting order
  • Obsidian Energy Ltd - Counsel to Obsidian Energy Ltd. in its acquisition of Peace River Oil Partnership
  • Robus Resources Inc. – Counsel to the Plaintiff and stalking horse credit bidder in receivership proceedings
  • Gain Energy Ltd. – Counsel to the debtor in BIA restructuring proceedings
  • Zargon Oil & Gas Ltd. – Counsel to the debtor in BIA restructuring proceedings
  • Greenfire Oil & Gas Ltd. – Counsel to the debtor in BIA restructuring proceedings
  • Korite International Inc. – Counsel to Monitor in CCAA proceedings
  • Cequence Energy Inc. – Counsel first lien bank in CCAA proceedings
  • Cabot Energy Inc. – Counsel to first lien lender and plan sponsor in BIA NOI proceedings
  • Crowfoot Land and Livestock Corporation – Counsel to court-appointed receiver and manager
  • ARC Resources Inc. – Counsel to a significant secured creditor and royalty claimant, in the CCAA proceedings of ACCEL Canada Holdings Inc. and ACCEL Energy Canada Inc.
  • AtlaCorp Capital – Counsel to financial advisor to Delphi Energy Inc. in Delphi's CCAA proceedings
  • Morris Industries Ltd. – Counsel to senior secured creditor and DIP lender in CCAA proceedings
  • Patriot Equipment Ltd. – Counsel to court appointed Receiver and Manager
  • Scaffold Gold Inc. – Counsel to court Appointed Receiver and Manager
  • Sequoia Resources Corporation – Counsel to Defendants in transaction at under value litigation
  • Machine Works Inc. – Counsel to Plaintiff in receivership proceedings
  • Petrocapita Oil and Gas LP – Counsel to Plaintiff in receivership proceedings
  • LREIT 34 Corporation – Counsel to court appointed Receiver and Manager
  • Commerx Corporation – Counsel to DIP lender in BIA proceedings
  • OpsMobil Inc. – Counsel to Purchaser of aircraft business
  • Ceana Development Sunridge Inc – Counsel to first lien lender in receivership proceedings
  • Walton International Group Inc. - Counsel to a senior lending syndicate
  • Sears Canada Inc. - Counsel to a landlord
  • Atikwa Energy Inc. - Counsel to the court appointed Receiver and Manager in a multi-province receivership
  • Brevia Energy Inc - Counsel to the court appointed Receiver and Manger
  • Crelogix Acceptance Corporation - Counsel to a funder and significant creditor in receivership proceedings.
  • Libin Trust - Counsel to the court appointed Receiver and Manager
  • Regent Resources Inc - Counsel to the Plaintiff in receivership proceedings involving multiple appeals
  • Leanco Homes Masterbuilder Inc. - Counsel to the Plaintiff in the receivership of multiple affialited borrowers, and in opposition to competing bankruptcy proceedings commenced by the borrowers
  • Source Energy Services Ltd. - Counsel to the senior lending syndicate in the cross border refinancing and out of court restructuring of the borrower and its affiliates
  • West Mountain Environmental Ltd. - Counsel to a secured creditor in receivership proceedings
  • HRPO Group of Companies - Counsel to the Plaintiff in receivership proceedings
  • Nitro Heavy Hauling Inc. - Counsel to the Plaintiff in receivership proceedings
  • Conacher Oil and Gas Ltd. - Counsel to the senior secured creditor in CBCA reorganization proceedings
  • Pacer Promec Energy Corporation and Pacer Promec Energy Construction Corporation - Counsel to the court appointed Receiver and Manager
  • Geotir Inc. - Counsel to the trustee in bankruptcy
  • Sanjel Inc. - Counsel to a purchaser of the debtors US business
  • Grant Thornton v. Garry Suprovich Trucking et al. - Counsel to the Defendants in a fraudulent conveyance action
  • Southern Pacific Resources - Counsel to the financial advisor to the debtor in CCAA and receivership proceedings
  • ATK Oilfield Transportation - Counsel to the Plaintiff in cross-border Receivership and Chapter 15 proceedings of a transportation company specializing in rig moving services with operations in Western Canada and Texas. The Plaintiff was owed CA$30 million and the collateral was wide-spread over significant geography
  • Douglas Channel LNG Assets Partnership - Counsel for the Plan Sponsor and acquirer of a proposed LNG facility in Douglas Channel BC. This included the negotiation of a lease and related commercial agreement with a First Nations land owner, gas supply contracts, royalty agreements, project acquisition agreements, and agreements with creditors involving significant stakeholders in Canada, USA, China and Europe 

Professional involvement

Professional associations

  • Member, Law Society of Alberta
  • Member, Canadian Bar Association
  • Member, Calgary Bar Association
  • Member, Turnaround Management Association

Presentations

David has also presented at various conferences, panels, seminars, and other events, including:

  • Navigating Construction Claims in Insolvency, Society for Construction Law, October 2019
  • Let's Talk About Royalties: the Continued Uncertainty Surrounding the Creation of the Overriding Royalty, Canadian Energy Law Foundation (CELF) Jasper Research Seminar, June 2019
  • Uncertain Succession: The Past, Present, and Future of Royalties and Vesting in Canadian Insolvency Law, Annual Review of Insolvency Law, January 2019
  • CRA Claims in Insolvency, TMA Northwest Cross-Border Conference, October 2018
  • An Insolvency Primer: Current Issues for Lenders, BD&P Client Seminar, February 2018

 

Representative work

Obsidian Energy Ltd. acquisition in the Peace River Oil Partnership

Counsel to Obsidian Energy Ltd. in its $44 million acquisition of a 45% interest in the Peace River Oil Partnership from its partner (now 100% owned)

Bellatrix Exploration Ltd.'s divestiture of substantially all of its assets

Counsel to Bellatrix Exploration Ltd. in its divestiture of substantially all of its assets to Winslow Resources Inc., a wholly-owned subsidiary of Return Energy Inc. (renamed Spartan Delta Corp.), in the context of Bellatrix’s proceedings under the Companies’ Creditors Arrangement Act.

Restructuring of Westmorland Coal Company and its Alberta mining operations

Acted as local transactional agent counsel in regard to the cross border, Chapter 11 driven, restructuring of Westmorland Coal Company and its Alberta mining operations through its Alberta subsidiary corporations. This engagement involved several stages of debt restructuring, a complex tax structured credit bid purchase of all the shares of Westmoreland's Alberta subsidiaries, and various transactional logistics necessitated by Westmoreland's convoluted international corporate structure and Alberta's regulatory environment.

Read Case Study

MEG Energy Corp.'s $1.5 billion asset disposition

Counsel to MEG in the $1.5 billion disposition of a 50% interest in Access Pipeline and 100% interest in Stonefell Terminal to Wolf Midstream Inc.

Awards

Recent honours and recognition

Recognized by the Canadian Legal Lexpert Directory, as a leading lawyer in Insolvency (Financial Restructuring) and Insolvency (Insolvency Litigation) (2024)

Named as a Litigation Star in Benchmark Litigation Canada (2023)

Named in the Canadian Legal Lexpert Directory as a leading lawyer in Insolvency (Insolvency Litigation) and Insolvency (Financial Restructuring) (2022, 2023)

Recognized by Best Lawyers in Canada in Insolvency and Financial Restructuring Law (2018 - 2023)

Named as a Litigation Star in Benchmark Canada, the Guide to Canada’s Leading Litigation Firms and Attorneys in the area of Restructuring and Insolvency, 2019-2022