Nortel Networks Corporation (Re)
Nortel CCAA: Leave to Appeal Dismissed on HWT Distribution
Summary
This is a motion for leave to appeal in CCAA proceedings concerning the distribution of funds from a Health and Welfare Trust (HWT) to employees. The Court of Appeal for Ontario dismissed the motion for leave to appeal, finding that the appeal did not raise a serious and arguable issue of real and significant interest and would unduly hinder the restructuring process.
Outcome
Leave to appeal dismissed
Key Factors
- CCAA proceedings
- Health and Welfare Trust
- Leave to appeal
- Distribution of funds
- Insolvency
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This is legal information, not legal advice. Ontario Severance is an educational tool. If you are facing a serious employment law matter, consult with a qualified employment lawyer in Ontario.