The Nortel Mediation

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The mediation is concluded. The material on this web page is for information only.


Update (January 24, 2013)

Nortel Mediation ends without agreement

The Hon. Warren K. Winkler, the Chief Justice of Ontario, the mediator in the bankruptcy proceedings of Nortel Networks Corporation, today announced that the mediation has ended without any agreement having been reached.

Chief Justice Winkler was appointed to conduct the mediation by the Superior Court of Justice of Ontario and the United States Bankruptcy Court for the District of Delaware. The Chief Justice has concluded that further efforts at mediation are no longer worthwhile.

The mediation is now completed.



Update (January 22, 2013)

The mediator, the Hon. Warren K. Winkler, has announced another extension to the mediation

The extension follows meetings in Toronto during the week of January 14 to18, 2013. That session was extended to January 22, 2013 with the participants communicating by e-mail, telephone and conference calls. That process continues during the current extension.

The Toronto meeting was attended by about 120 representatives from the major shareholder groups made up of counsel and advisors.

During August, September and October, Chief Justice Winkler held a series of intensive meetings with the stakeholder groups and received settlement proposals that he reviewed with his advisors. During those meetings, the Chief Justice asked questions of each stakeholder group, and requested that each provide a confidential settlement proposal. At that stage, he determined that it would be productive to bring representatives from all the stakeholder groups together for a mediation session.

Earlier, Chief Justice Winkler and his team announced with great sadness that Randy Bennett, the lead counsel in this mediation, passed away suddenly on January 3, 2013 following a heart attack. Notice of Randy's death and memorial information can be found here.

Chief Justice Winkler asked Paul Le Vay to assume the role of lead counsel.

The purpose of this posting is to provide some insight into the procedure adopted by the mediator and his team.



The Opening Session (June 24, 2012)

Opening remarks of the mediator, The Honourable Warren K. Winkler, Chief Justice of Ontario, on April 24, 2012
  VIDEO

As Chief Justice Winkler said in his opening statement, he will continue to meet with the parties separately "to explore possible avenues toward a global resolution."
The meetings we private.



The Nortel Mediation

In June 2011, Justice Geoffrey B. Morawetz of the Ontario Superior Court of Justice and Judge Kevin Gross of the U.S. Bankruptcy Court in Wilmington, Delaware, ordered all parties to the bankruptcy proceedings of Nortel Networks Corporation to seek mediation while they prepare their decisions on motions seeking the allocation of Nortel's assets, heard earlier.

The Honourable Warren K. Winkler, the Chief Justice of Ontario, was appointed mediator.

Contact for the mediation is Paul Le Vay of Stockwoods LLP paullv@stockwoods.ca.
Contact for media is Peter Rehak peter.rehak@sympatico.ca.

This website was created to provide informastion about the mediation that was conducted by Chief justice Winkler.




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