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Globalive, a recent entrant and fast-growing player in Canada's wireless telephony market, was dealt a serious blow last Friday by the Federal Court of Canada, which struck down an earlier government ruling that found Globalive's ownership structure to be permissible under Canada's foreign ownership law
The $52 billion sale of BCE, Inc., Canada’s largest telecom operator, to a private equity consortium is facing a fresh legal challenge in the form of a class action lawsuit, brought by holders of the company’s common stock, that seeks $588 million plus punitive damages for recovery of dividends that were suspended during the second and third quarters this year
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Jurisdiction - Canada
Workarea - Telecommunications
Workarea - Litigation
Firm Name - Paul, Weiss, Rifkind, Wharton & Garrison LLP
