Ontario · CCAA
The purpose of this One Hundred Sixty Fourth Report of the Monitor (the “Report”), along with the related affidavits sworn by Sharon Hamilton (the “Hamilton Affidavit”), President of Ernst & Young Inc., and representatives of the Monitor’s counsel, being Goodmans LLP (“Goodmans”) as its Canadian legal counsel, Allen Overy Shearman Sterling US LLP (“AOSS”) (formerly Allen & Overy LLP) as its U.S. legal counsel, and Pachulski Stang Ziehl & Jones LLP (“PSZJ”) as its Delaware local legal counsel, is to: (a) provide this Court with information in respect of the Monitor’s motion to pass the accounts of the Monitor and of its counsel for fees and disbursements incurred during the period November 1, 2022, through to and including August 31, 2024 (the “Period”), and (b) to provide this Court and stakeholders with information regarding the Monitor and Canadian Debtors’ motion seeking approval to dispose of certain remaining records of the Canadian Estate
Court officer report · 11 November 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- fee scheduleengagements: form: time_summary · rows: Sharon Hamilton; fees: 27067.5 · rate: 1259 · hours: 21.5 · quote: Partners < 20 hours | | 1,259 | 21.5 | 27,067.50 · row kind: bucket · rate kind: average · name as stated: Partners < 20 hours; fees: 108639 · rate: 1253 · hours: 86.7 · quote: Total Partners | 1,253 | 86.7 | 108,639.00 · row kind: subtotal · rate kind: average · name as stated: Total Partners; Brent Beekenkamp; Edmund Yau; Andrew Tuck; fees: 1470 · rate: 980 · hours: 1.5 · quote: Associate Partner / Partner < 20 hours | Associate Partner / Partner < 20 hours | 980 | 1.5 | 1,470.00 · row kind: bucket · rate kind: average · name as stated: Associate Partner / Partner < 20 hours; fees: 582559.5 · rate: 969 · hours: 601.5 · quote: Total Associate Partner / Partner | Total Associate Partner / Partner | 969 | 601.5 | 582,559.50 · row kind: subtotal · rate kind: average · name as stated: Total Associate Partner / Partner; Lee Close; Lei Wang; fees: 13536 · rate: 940 · hours: 14.4 · quote: Senior Managers < 20 hours | | 940 | 14.4 | 13,536.00 · row kind: bucket · rate kind: average · name as stated: Senior Managers < 20 hours; fees: 230312 · rate: 909 · hours: 253.4 · quote: Total Senior Manager | 909 | 253.4 | 230,312.00 · row kind: subtotal · rate kind: average · name as stated: Total Senior Manager; Jocelyne Tardif; fees: 2167.5 · rate: 699 · hours: 3.1 · quote: Manager < 20 hours | | 699 | 3.1 | 2,167.50 · row kind: bucket · rate kind: average · name as stated: Manager < 20 hours; fees: 197378.5 · rate: 684 · hours: 288.6 · quote: Total Manager | 684 | 288.6 | 197,378.50 · row kind: subtotal · rate kind: average · name as stated: Total Manager; Shady Khodair; fees: 106 · rate: 530 · hours: 0.2 · quote: Senior Staff < 20 hours | | 530 | 0.2 | 106.00 · row kind: bucket · rate kind: average · name as stated: Senior Staff < 20 hours; fees: 35460.5 · rate: 549 · hours: 64.6 · quote: Total Senior | 549 | 64.6 | 35,460.50 · row kind: subtotal · rate kind: average · name as stated: Total Senior; Kinderjit Sangha; Rob Ferguson; Cam Bear; Tess Carandang; fees: 837198 · rate: 366 · hours: 2287.4 · quote: Total Para Professional | 366 | 2,287.4 | 837,198.00 · row kind: subtotal · rate kind: average · name as stated: Total Para Professional; fees: 2500 · rate: 250 · hours: 10 · quote: Senior Staff < 20 hours | | 250 | 10.0 | 2,500.00 · row kind: bucket · rate kind: average · name as stated: Senior Staff < 20 hours; fees: 2500 · rate: 250 · hours: 10 · quote: Total Senior Staff | 250 | 10.0 | 2,500.00 · row kind: subtotal · rate kind: average · name as stated: Total Senior Staff; fees: 1994047.5 · rate: 555 · hours: 3592.2 · quote: Grand Total (CAD) | 555 | 3,592.2 | 1,994,047.50 · row kind: subtotal · rate kind: average · name as stated: Grand Total (CAD) · money: fees: quote: Grand Total (CAD) | 555 | 3,592.2 | 1,994,047.50 · amount: 1994047.5 · approximate: false · period: end: 2024-08-03 · kind: cumulative · quote: Nortel Networks Professional Fees - Ernst & Young Inc (CAD) October 29, 2022 to August 3 , 2024 · start: 2022-10-29 · approval: state: unstated · averages: rate: 555 · quote: This amount includes billings for 3,592.2 professional hours at an average hourly rate of CA$555. · currency: code: CAD · quote: Nortel Networks Professional Fees - Ernst & Young Inc (CAD) October 29, 2022 to August 3 , 2024 · invoices: tax: 7642.44 · date: 2022-11-08 · fees: 58788 · quote: CA12C500008609 | 08-Nov-22 | October 29-November 4, 2022 | 58,788.00 | - | 7,642.44 | 66,430.44 · total: 66430.44 · period end: 2022-11-04 · period start: 2022-10-29; tax: 3875.04 · date: 2022-11-11 · fees: 29808 · quote: CA12C500008634 | 11-Nov-22 | November 5-November 11, 2022 | 29,808.00 | - | 3,875.04 | 33,683.04 · total: 33683.04 · period end: 2022-11-11 · period start: 2022-11-05; tax: 1728.55 · date: 2024-03-26 · fees: 13296.5 · quote: CA12C500010411 | 26-Mar-24 | March 16, 2024 - March 22, 2024 | 13,296.50 | - | 1,728.55 | 15,025.05 · total: 15025.05 · period end: 2024-03-22 · period start: 2024-03-16; tax: 654.16 · date: 2024-04-02 · fees: 5032 · quote: CA12C500010441 | 02-Apr-24 | March 23, 2024 - March 29, 2024 | 5,032.00 | - | 654.16 | 5,686.16 · total: 5686.16 · period end: 2024-03-29 · period start: 2024-03-23; tax: 611.13 · date: 2024-04-09 · fees: 4701 · quote: CA12C500010482 | 09-Apr-24 | March 30, 2024 - April 5, 2024 | 4,701.00 | - | 611.13 | 5,312.13 · total: 5312.13 · period end: 2024-04-05 · period start: 2024-03-30; tax: 736.26 · date: 2024-04-16 · fees: 5663.5 · quote: CA12C500010493 | 16-Apr-24 | April 6, 2024 - April 12, 2024 | 5,663.50 | - | 736.26 | 6,399.76 · total: 6399.76 · period end: 2024-04-12 · period start: 2024-04-06; tax: 1682.2 · date: 2024-04-23 · fees: 12940 · quote: CA12C500010524 | 23-Apr-24 | April 13, 2024 - April 19, 2024 | 12,940.00 | - | 1,682.20 | 14,622.20 · total: 14622.2 · period end: 2024-04-19 · period start: 2024-04-13; tax: 2143.44 · date: 2024-04-30 · fees: 16488 · quote: CA12C500010557 | 30-Apr-24 | April 20, 2024 - April 26, 2024 | 16,488.00 | - | 2,143.44 | 18,631.44 · total: 18631.44 · period end: 2024-04-26 · period start: 2024-04-20; tax: 1252.42 · date: 2024-05-07 · fees: 9634 · quote: CA12C500010577 | 07-May-24 | April 27, 2024 - May 3, 2024 | 9,634.00 | - | 1,252.42 | 10,886.42 · total: 10886.42 · period end: 2024-05-03 · period start: 2024-04-27; tax: 1498.84 · date: 2024-05-14 · fees: 11529.5 · quote: CA12C500010612 | 14-May-24 | May 4, 2024 - May 10, 2024 | 11,529.50 | - | 1,498.84 | 13,028.34 · total: 13028.34 · period end: 2024-05-10 · period start: 2024-05-04; tax: 1367.86 · date: 2024-05-21 · fees: 10522 · quote: CA12C500010628 | 21-May-24 | May 11,2024 - May 17,2024 | 10,522.00 | - | 1,367.86 | 11,889.86 · total: 11889.86 · period end: 2024-05-17 · period start: 2024-05-11; tax: 1703.59 · date: 2024-05-28 · fees: 13104.5 · quote: CA12C500010660 | 28-May-24 | May 18, 2024 - May 24, 2024 | 13,104.50 | - | 1,703.59 | 14,808.09 · total: 14808.09 · period end: 2024-05-24 · period start: 2024-05-18; tax: 2223 · date: 2024-06-04 · fees: 17100 · quote: CA12C500010682 | 04-Jun-24 | May 25, 2024 - May 31, 2024 | 17,100.00 | - | 2,223.00 | 19,323.00 · total: 19323 · period end: 2024-05-31 · period start: 2024-05-25; tax: 2514.14 · date: 2024-06-11 · fees: 19339.5 · quote: CA12C500010733 | 11-Jun-24 | June 1, 2024 - Jun 7, 2024 | 19,339.50 | - | 2,514.14 | 21,853.64 · total: 21853.64 · period end: 2024-06-07 · period start: 2024-06-01; tax: 1805.25 · date: 2024-06-18 · fees: 13886.5 · quote: CA12C500010788 | 18-Jun-24 | June 8, 2024 - June 14, 2024 | 13,886.50 | - | 1,805.25 | 15,691.75 · total: 15691.75 · period end: 2024-06-14 · period start: 2024-06-08; tax: 1910.09 · date: 2024-06-25 · fees: 14693 · quote: CA12C500010812 | 25-Jun-24 | June 15, 2024 - June 21, 2024 | 14,693.00 | - | 1,910.09 | 16,603.09 · total: 16603.09 · period end: 2024-06-21 · period start: 2024-06-15; tax: 2625.61 · date: 2024-06-28 · fees: 20197 · quote: CA12C500010845 | 28-Jun-24 | June 22, 2024 - June 28, 2024 | 20,197.00 | - | 2,625.61 | 22,822.61 · total: 22822.61 · period end: 2024-06-28 · period start: 2024-06-22; tax: 810.23 · date: 2024-07-09 · fees: 6232.5 · quote: CA12C500010872 | 09-Jul-24 | June 29, 2024 - July 5, 2024 | 6,232.50 | - | 810.23 | 7,042.73 · total: 7042.73 · period end: 2024-07-05 · period start: 2024-06-29; tax: 828.43 · date: 2024-07-16 · fees: 6372.5 · quote: CA12C500010892 | 16-Jul-24 | July 6, 2024 - July 12, 2024 | 6,372.50 | - | 828.43 | 7,200.93 · total: 7200.93 · period end: 2024-07-12 · period start: 2024-07-06; tax: 3650.14 · date: 2024-08-07 · fees: 28050 · quote: CA12C500010981 | 07-Aug-24 | July 13, 2024 - August 2, 2024 | 28,050.00 | 28.00 | 3,650.14 | 31,728.14 · total: 31728.14 · period end: 2024-08-02 · period start: 2024-07-13 · disbursements: 28; tax: 3689.34 · date: 2024-09-03 · fees: 28379.5 · quote: CA12C500011055 | 03-Sep-24 | August 3, 2024 - August 30, 2024 | 28,379.50 | - | 3,689.34 | 32,068.84 · total: 32068.84 · period end: 2024-08-30 · period start: 2024-08-03 · firm text: Ernst & Young Inc. · firm quote: in its capacity as Monitor of Nortel Networks Corporation et al. · hours total: quote: Grand Total (CAD) | 555 | 3,592.2 | 1,994,047.50 · value: 3592.2 · context quote: in its capacity as Monitor of Nortel Networks Corporation et al.
- purchaserprice: sealed: false · scope: the London Property · status: proposed · name note: unnamed prospective purchaser of the London Property · structure: real_property · name source: recital · relationship: unstated
- sale outcometext: marketing and sale process of the London Property, term sheet negotiated with prospective purchaser, subject to Court approval · scope: parcel · status: pending_approval