Notice regarding meetings of creditors and members of Nortel Networks N.V. (in administration)

 

25 May 2017

Nortel Networks N.V. (in administration) (the "Company")

By way of update to the Notices of Meetings issued to creditors and members of the Company dated 5 April 2017, the Joint Administrators would like to inform creditors and members that they have nominated Joanne Hewitt-Schembri to act as Chairman of the meetings of creditors and members. Ms Hewitt-Schembri is a Director in the firm of Ernst & Young LLP and is a member of the Joint Administrators' team which has been managing the affairs of the Company.

The details of the meetings being held in respect of the Company (including the time, date and venue for each meeting) are as set out in the Notice of the Meetings, dated 5 April 2017.

 

For the Companies listed below, The Institute of Chartered Accountants in England and Wales in the UK authorises A R Bloom, S J Harris, C J W Hill and S J Taylor to act as Insolvency Practitioners under section 390(2)(a) of the Insolvency Act 1986 and the Association of Chartered Certified Accountants in the UK authorises A M Hudson and D M Hughes to act as Insolvency Practitioners under section 390(2)(a) of the Insolvency Act 1986. The Institute of Chartered Accountants in Scotland in the UK authorises J Hewitt-Schembri to act as an Insolvency Practitioner under section 390(2)(a) of the Insolvency Act 1986.

The affairs, business and property of the Companies are being managed by the Joint Administrators, A R Bloom, S J Harris, A M Hudson and C J W Hill who act as agents of the Companies only and without personal liability.

The Companies are Nortel Networks UK Limited; Nortel GmbH; Nortel Networks France S.A.S.; Nortel Networks N.V.; Nortel Networks S.p.A.; Nortel Networks B.V.; Nortel Networks Polska Sp. z o.o.; Nortel Networks Hispania, S.A.; Nortel Networks (Austria) GmbH; Nortel Networks s.r.o.; Nortel Networks Engineering Service Kft.; Nortel Networks Portugal, S.A.; Nortel Networks Slovensko s.r.o.; Nortel Networks Oy; Nortel Networks Romania SRL; Nortel Networks AB; Nortel Networks International Finance & Holding B.V..

The affairs, business and property of Nortel Networks (Ireland) Limited are being managed by the Joint Administrators, A R Bloom and D M Hughes, who act as agents of Nortel Networks (Ireland) Limited only and without personal liability. Nortel Networks (Ireland) Limited is also subject to a Company Voluntary Arrangement. The Joint Supervisors are A R Bloom and D M Hughes who act as agents of Nortel Networks (Ireland) Limited without personal liability.

The affairs, business and property of Nortel Networks S.A. are being managed by the Joint Administrators, A R Bloom, S J Harris, A M Hudson, C J W Hill and S J Taylor who act as agents of Nortel Networks S.A. only and without personal liability.

The following companies are also subject to Company Voluntary Arrangements: Nortel Networks S.p.A, Nortel Networks Polska Sp. z o.o, Nortel Networks Hispania, S.A, Nortel Networks Engineering Service Kft, Nortel Networks Portugal, S.A, Nortel Networks France S.A.S, Nortel Networks (Austria) GmbH, Nortel Networks AB, Nortel GmbH, Nortel Networks Slovensko s.r.o, Nortel Networks s.r.o. and Nortel Networks N.V. (the "CVA Companies"). The Joint Supervisors are A R Bloom, S J Harris, A M Hudson and J Hewitt-Schembri who act as agents of the CVA Companies and without personal liability.

Nortel Networks S.A. was placed into French liquidation judiciaire on 28 May 2009. The business and assets of the company that are situated in France are now under the control of la liquidateur judiciaire.

The Joint Administrators and Joint Supervisors may collect, use, transfer, store or otherwise process (collectively, “Process”) information that can be linked to specific individuals (“Personal Data”). They may Process Personal Data in various jurisdictions in accordance with applicable law and professional regulations including (without limitation) the Data Protection Act 1998.