Transfer Pricing and Bankruptcy Allocation in Nortel
In Nortel’s bankruptcy allocation and claims proceedings, Dr. Zhou supported an allocation expert and a transfer pricing expert on behalf of Nortel’s UK pension funds. The key issue before the joint U.S. and Canada courts is the allocation of Nortel’s $7.3 billion liquidation proceedings, mostly from patents-related intangible assets, among Nortel’s three primary bankruptcy estates (Canada, U.S., and EMEA). Dr. Zhou led the Brattle team through all phases of the expert reports, deposition, and trial. He also coordinated with UK pension’s actuarial and pension accounting experts on establishing Nortel UK’s claims against the Canadian estate. The allocation decisions were recently issued in our client’s favor.