Ontario Court of Appeal Denies Leave to Appeal Nortel Allocation Decision

On May 3, 2016, the Court of Appeal for Ontario released its decision (Leave Decision) denying leave to appeal from Justice Newbould's allocation of the proceeds of sale of the remains of the Nortel Networks group of companies (Allocation Decision).

The main points arising from the decision are as follows:

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Davies Ward Phillips & Vineberg LLP, Court of Appeal of England & Wales, Court of Appeal for Ontario, California courts of appeal, Court of Appeal of Singapore
Authors:
Matthew Milne-Smith , Steven G. Frankel
Location:
Canada
Firm:
Davies Ward Phillips & Vineberg LLP