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Thursday 14 May 2015

Ground-breaking judicial decision in Nortel

The Canadian and US Courts hearing an unprecedented joint cross-border trial have delivered their judgments as to how the Nortel Group’s residual assets should be distributed.  In groundbreaking judgments, both Judges agreed that those US$7bn worth of assets should be distributed on a ‘pro-rata’ basis, the result contended for by the UK Pension Scheme.

Read the Press Release (from Hogan Lovells)

The Counsel team from Wilberforce Chambers was led by Michael Tennet Q.C., with support from Sebastian Allen, Edward Sawyer, Ben Faulkner and James McCreath.

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