Nortel trustees and PPF in Canada for international mediation

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Representatives from the Nortel Networks UK Pension Plan and the Pension Protection Fund have travelled to Canada in a bid to secure more than $2bn (£1.2bn) from an international mediation.

The mediator, the Chief Justice of Ontario, the honourable Warren K. Winkler, called an all-party mediation session in Toronto this week. The latest rounds of talks are intended to strike a sett...

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