Bagnall: How Montreal money could fix the LeBreton Flats partnership

Every good mediator understands there are times when warring parties simply aren’t ready to deal.
So it was in 2012 and 2013 when former Ontario chief justice Warren Winkler spent nearly a year off and on meeting with Nortel’s main creditors. A last ditch mediation effort in January 2013 ran hard into a wall of resistance built by the owners of Nortel’s bonds. After multiple extensions, Winkler concluded no deal was to be had. Indeed, it would be another four years before a com