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Along with injustices, Nortel saga shows strengths of Canada’s legal system | Julius Melnitzer

Friday, July 21, 2017 @ 8:22 AM | By Julius Melnitzer

Some five days after Canada celebrated its 150th birthday, and after almost a decade of litigation, unsecured creditors in the Nortel bankruptcy were scheduled to receive their first distribution of funds from the settlement reached in January.

It’s a shame that the distribution of what was left of Nortel, still an imposing sum that exceeded $10 billion, could not have been scheduled on Canada Day. Because what was missing in the celebration, as I saw it, was fitting recognition of the integrity, flexibility and sustainability of...