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Nortel Networks

The firm represents the ad hoc committee of bondholders in Nortel, an international telecommunications and electronics company with approximately $21 billion of assets. Its chapter 11 case is pending in Delaware with a related CCAA proceeding in Canada, European proceedings in the UK, and other related bankruptcy proceedings around the world. The US and the CCAA hearings are conducted simultaneously through video conferencing between the Delaware bankruptcy court and the Canadian High Court. The debtors are in the process of selling assets and completing other M&A deals.