It was a Canadian icon and global trailblazer, then it took a turn for the worse that reverberated around the world. The Nortel Networks Corp. insolvency will be one of the most protracted and complicated undertakings for all of the lawyers and financial professionals involved, but when it is finally resolved, it will indeed set a new model for multinational companies facing financial difficulty.
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Landlords may end up with unwanted tenants and unpaid rent as a result of recent changes to Canada’s bankruptcy and insolvency laws.
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