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What we verified from this filing8 verified
- unsecured creditorsnote: Claim for amounts contractually owing under the interest-free NNUK-to-NNL loan facilities: GBP489,253,803.87 (principal, no interest component). Pleaded in the ALTERNATIVE as setting-aside/restitution on a proprietary basis, equitable compensation, unconscionable receipt, and transaction at an undervalue, each GBP609,760,299.79 (principal GBP489,253,804.01 + interest GBP120,506,495.78), plus equitable account of profits and value of eroded non-trading tax losses stated as 'to be assessed'/'as yet to be ascertained'. These are ALTERNATIVE remedies for the SAME loan claim - do not sum. NNUK states the actual post-set-off drawn loan balance as at 14 Jan 2009 was GBP113,032,200.34 (paras 32, 51), and claims GBP489,253,803.87 on the basis that the Project Swift (GBP327,579,842.10), transfer-pricing (GBP42,572,949.28) and 20 Mar 2007 (GBP6,068,812.15) set-offs were invalid and cannot be set off. NNUK also asserts a proprietary / equitable-lien claim over NNL's assets (para 10; section G, beyond the pages present); para 12 states its claims are otherwise 'not secured'. Creditor-asserted, disputed proof of claim; NNUK's 'best current estimate' (para 60). · page: 24 · as of: 2009-01-14 · basis: Proof of Claim / Particulars of Claim filed by NNUK against NNL, Summary of Claims table and section D (Claims in respect of Interest-Free intercompany loans) · amount: 489253803.87 · debtor: Nortel Networks Limited (NNL) · creditor: Nortel Networks (UK) Limited (NNUK) · currency: GBP
- unsecured creditorsnote: Intercompany trading debt owed by NNL to NNUK. Original currency amount CAN$733,976.69 = principal CAN$708,812.13 + interest CAN$25,164.56 (interest to 14 Jan 2009 Filing Date; para 16.2). Creditor-asserted proof of claim, not adjudicated; disputed (Notice of Disallowance filed, per compendium index). Cross-ref proof document section C. · page: 24 · as of: 2009-01-14 · basis: Proof of Claim / Particulars of Claim filed by NNUK against NNL under s.5 of the Proof of Claim (Compendium of EMEA Debtor/Officeholder Claims), Summary of Claims table and section C (Debt Claims) · amount: 733976.69 · debtor: Nortel Networks Limited (NNL) · creditor: Nortel Networks (UK) Limited (NNUK) · currency: CAD
- unsecured creditorsnote: Intercompany trading debt owed by NNL to NNUK. Original currency amount US$588,321.29 = principal US$588,242.00 + interest US$79.29 (to 14 Jan 2009; para 16.2). Creditor-asserted proof of claim, not adjudicated; disputed. · page: 24 · as of: 2009-01-14 · basis: Proof of Claim / Particulars of Claim filed by NNUK against NNL, Summary of Claims table and section C (Debt Claims) · amount: 588321.29 · debtor: Nortel Networks Limited (NNL) · creditor: Nortel Networks (UK) Limited (NNUK) · currency: USD
- unsecured creditorsnote: Intercompany trading debt owed by NNL to NNUK. Original currency amount EUR107,579.49 = principal EUR104,111.75 + interest EUR3,467.74 (to 14 Jan 2009; para 16.2). Creditor-asserted proof of claim, not adjudicated; disputed. · page: 24 · as of: 2009-01-14 · basis: Proof of Claim / Particulars of Claim filed by NNUK against NNL, Summary of Claims table and section C (Debt Claims) · amount: 107579.49 · debtor: Nortel Networks Limited (NNL) · creditor: Nortel Networks (UK) Limited (NNUK) · currency: EUR
- unsecured creditorsnote: Intercompany trading debt owed by NNL to NNUK. Original currency amount GBP30,875,969.39 = principal GBP30,460,040.87 + interest GBP415,928.52 (to 14 Jan 2009; para 16.2). Creditor-asserted proof of claim, not adjudicated; disputed. · page: 24 · as of: 2009-01-14 · basis: Proof of Claim / Particulars of Claim filed by NNUK against NNL, Summary of Claims table and section C (Debt Claims) · amount: 30875969.39 · debtor: Nortel Networks Limited (NNL) · creditor: Nortel Networks (UK) Limited (NNUK) · currency: GBP
- unsecured creditorsnote: Swift: claim re NNIF restructuring - US$125,662,334.28 (principal US$120,574,803 + interest US$5,087,531.28), a further component of the Project Swift claims. Creditor-asserted, disputed. · page: 25 · as of: 2009-01-14 · basis: Proof of Claim / Particulars of Claim filed by NNUK against NNL, Summary of Claims table (section E.4, Project Swift) · amount: 125662334.28 · debtor: Nortel Networks Limited (NNL) · creditor: Nortel Networks (UK) Limited (NNUK) · currency: USD
- unsecured creditorsnote: Project Swift claim - the transaction by which NNL purportedly reduced its Interest-Free Loan indebtedness by transferring subsidiaries to NNUK. Pleaded in the alternative as setting-aside/restitution, equitable compensation, unconscionable receipt and transaction at an undervalue, each GBP349,793,039.00 (principal GBP327,579,852.24 + interest GBP22,213,186.76), plus equitable account of profits 'to be assessed'. Alternative to / overlaps with the loan claim above (the GBP327,579,842.10 Project Swift set-off reversal is a component of the GBP489,253,803.87 loan claim) - do not sum. Creditor-asserted, disputed. · page: 25 · as of: 2009-01-14 · basis: Proof of Claim / Particulars of Claim filed by NNUK against NNL, Summary of Claims table and section E (Claims in respect of Project Swift) · amount: 349793039 · debtor: Nortel Networks Limited (NNL) · creditor: Nortel Networks (UK) Limited (NNUK) · currency: GBP
- unsecured creditorsnote: Transfer pricing claim against NNL - US$1,351,000,000.00 (principal US$1,083,000,000.00 + interest US$268,000,000.00). Distinct claim head; note the GBP42,572,949.28 transfer-pricing set-off reversal is separately reflected in the loan-claim buildup above (do not double-count that component). Creditor-asserted, disputed; NNUK's best current estimate. · page: 25 · as of: 2009-01-14 · basis: Proof of Claim / Particulars of Claim filed by NNUK against NNL, Summary of Claims table (section F.3, transfer pricing) · amount: 1351000000 · debtor: Nortel Networks Limited (NNL) · creditor: Nortel Networks (UK) Limited (NNUK) · currency: USD