Nortel's environmental obligations don't withstand CCAA restructuring proceedings *

Canada - March 13 2012
Since Nortel Networks Corporation and a number of related companies (together, “Nortel”), initiated a reorganization under the Companies’ Creditors Arrangement Act (“CCAA”) over two years ago, the Ontario Ministry of the Environment (the “MOE”) has sought to hold Nortel responsible to remediate environmental contamination remaining on properties once or currently owned by Nortel.

Co-authors: David I. Crocker, Sarah Robicheau, Lana J. Finney.