The government of Canada should resist the temptation to intervene in the sale of wireless assets of bankrupt Nortel Networks Corporation (Nortel). Nortel, with a history of government aid in the form of tax credits and other privileges, managed to make significant technological advances within the globally competitive field of cell-phone communication technologies. Unfortunately, as is often the case for businesses that could not survive without government privilege, Nortel found itself insolvent and in bankruptcy court or other insolvency proceedings in three national jurisdictions (the United States, Canada and the United Kingdom). Bankruptcy laws were established in part to bring an … Continue reading Nortel No-No