Working in the emergency room of corporate law: Arthur O. Jacques reflects on his experience with the Nortel Bankruptcy trial, other large-scale cases and discusses the challenges of real-time litigat
- Condominium Group
- Nov 12, 2014
- 1 min read
Updated: Apr 1
Working in the emergency room of corporate law: Arthur O. Jacques reflects on his experience with the Nortel Bankruptcy trial, other large-scale cases and discusses the challenges of real-time litigation
November 13, 2014
Working in the emergency room of corporate law
As the Nortel bankruptcy trial began to wrap up in Toronto and Delaware, veteran bankruptcy and insolvency lawyer Arthur O. Jacques sat down with AdvocateDaily.com to reflect on his experience with that trial and other large-scale cases and discuss the challenges of real-time litigation
Jacques, partner with Shibley Righton LLP, has spent years acting as court-appointed counsel for 10,000 Nortel Canadian Continuing Employees.
“Our goal was to assert their rights, more so with their deficiency claims in terms of their hard-earned pensions and to assert the best legal position to get as much money for them,” he says.
“What you have to realize is in Nortel, there’s a pot of $7.3 billion and against that pot, there’s about $20 billion in claims, so somebody’s going to get hurt,” he explains. “So the object of our mandate was to make sure we could protect the employees as best as possible and enjoy the least amount of pain.”
