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Tuesday, May 03, 2016

The Court of Appeal has dismissed a motion for leave to appeal from the Judgment of Newbould J. in Re Nortel Networks, the ground breaking cross-border insolvency decision regarding the disposition of Nortel’s assets among competing creditor groups.

The Court of Appeal has dismissed a motion for leave to appeal from the Judgment of Newbould J. in Re Nortel Networks, the ground breaking cross-border insolvency decision regarding the disposition of Nortel’s assets among competing creditor groups.  Ken Rosenberg, Lily Harmer and Massimo Starnino act for Ontario’s Superintendent of Financial Services, as administrator of the Pension Benefits Guarantee Fund, and were the first to propose and build consensus with other employee and pension interests for the allocation of Nortel’s assets on a pro rata basis - which was ultimately approved by the courts in Ontario and the US.

Tuesday, May 03, 2016

The Court of Appeal has dismissed a motion for leave to appeal from the Judgment of Newbould J. in Re Nortel Networks, the ground breaking cross-border insolvency decision regarding the disposition of Nortel’s assets among competing creditor groups.

The Court of Appeal has dismissed a motion for leave to appeal from the Judgment of Newbould J. in Re Nortel Networks, the ground breaking cross-border insolvency decision regarding the disposition of Nortel’s assets among competing creditor groups.  Ken Rosenberg, Lily Harmer and Massimo Starnino act for Ontario’s Superintendent of Financial Services, as administrator of the Pension Benefits Guarantee Fund, and were the first to propose and build consensus with other employee and pension interests for the allocation of Nortel’s assets on a pro rata basis - which was ultimately approved by the courts in Ontario and the US.

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