CRA was retained by counsel of European subsidiaries of Nortel in simultaneous bankruptcy proceedings in the US and Canada. Our work involved determining $2 billion of damages related to transfer pricing issues and the allocation of $7.3 billion of IP sales proceeds between related parties from a transfer pricing perspective. The CRA team worked on all aspects of the bankruptcy litigation from investigating and evaluating complex issues, the expert discovery process, issuing multiple affirmative and rebuttal reports assessing and critiquing the positions of opposing experts, and the preparation for deposition and trial testimony.
Highlights from 2024 and looking forward to 2025
In this Insights, our transfer pricing consultants reflect on significant transfer pricing developments in 2024 and anticipate trends for 2025. We begin with...