Lawyers react to last week’s Nortel decisions in Canada
Telecoms company Nortel (Credit: iStock.com/Easyturn)
Lawyers for defunct telecoms company Nortel’s former employees and pensioners have praised two recent Canadian court decisions rejecting appeals through which the company’s bondholders and US arm were seeking to increase their share of US$7.3 billion in asset sales proceeds: but are Nortel’s creditors any closer to getting paid?
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