I'm not able to make sense of why it would not just be region-based memory-management. (http://www.sciencedirect.com/science/article/pii/S0890540196...). The usual way this fails is that everything ends up bubbling up to the top-most context, which is basically uncollectable. So you leak to death unless you limit yourself in awareness of this possibility.
I was hoping that their might actually be a linear type system hiding out in there, but alas, such is not the case.