Nortel debtors launch CVAs in UK ahead of possible autumn distribution
Nortel Networks, a global communications company, entered bankruptcy proceedings in 2008. (Credit: iStock.com/Pixtum)
Fourteen of Nortel’s European, Middle Eastern and African debtors have launched company voluntary arrangement (CVA) processes in the UK, preparing for the receipt of their share of US$7.3 billion in company sales proceeds that has been kept in a lockbox for more than eight years.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Register now
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now