Industry committee  For clarification on that, as Mr. Riedel said earlier on, the court process allows for anyone who's unhappy with any aspect of the process to come to court. In fact, many parties did come to court, including MatlinPatterson, and the process was adjusted to accommodate whatever co

Industry committee  There's one additional aspect that we need to understand, which Mr. Riedel touched on at the beginning. While Nortel Canada owns those patents, licences have been granted worldwide to the other Nortel entities, so Nortel Canada is not in a position to simply deal with these paten

Industry committee  Perhaps I can help in some of that. The Canadian court has been very sensitive to employee and pension issues. In fact, there are things we can do and things that are out of our hands. What the law says as to distribution, who gets what and what priorities, is the law. The cou

Industry committee  Given that it's a legal issue, the assets that have been set aside in the pension, the trust assets, belong to the employees. They do not fall within the bankrupt estate, nor do any creditors have any exposure to that. The value of those pension assets is a function, in part, of

Industry committee  Perhaps I can add some further clarification on that. In the court-approved process, what the court was trying to do was to provide a process whereby, number one, the market could be tested in terms of the scope of assets, and number two, we had a process that would get us the b

Finance committee  When we filed, all the creditors were unsecured. As part of the cash constraints that Canada was facing, there had to be money borrowed from the U.S. In order to protect the U.S. estate, the judge ordered certain charges to protect that money, and $75 million has been borrowed un

Finance committee  Since it's a legal question, maybe I can be of assistance here. I think the point that Mr. Zafirovski made earlier was that this company is now under a court-supervised process in which you have the monitor and you have various creditors' committees, so we don't make decisions

Finance committee  I can also say that the court has appointed counsel for all employees, and that in fact the counsel for employees has made that motion, and it's in fact in front of the courts right now.