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:
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
The liquidators of Lehman Brothers Australia are appealing a landmark Federal Court decision that found it liable for losses suffered by a number of local councils and charity groups.
Australia, Capital Markets, Insolvency & Restructuring, Litigation, King & Wood Mallesons, Breach of contract, Collateralized debt obligation, Lehman Brothers