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Feb 22, 2018
Microsoft Reaches Settlement as Part of Nortel Networks Global Settlement
Microsoft Corporation reached a significant settlement with Nortel Networks Corporation after insolvency proceedings, which took over nine years. The Nortel proceedings, which involved the largest insolvency in Canadian history, included a joint trial held before the Ontario Court of Appeal and Delaware Bankruptcy Court. As a result of the proceedings, US$7.3 billion of global sale proceeds were allocated amongst the Nortel debtor companies in Canada, the United States and Europe.
Aird & Berlis represented Microsoft Corporation with a team that included Peter Czegledy (Corporate/Technology) and Harry Fogul (Bankruptcy, Insolvency & Creditor Rights).