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Herbert Smith

Corporate 2010

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Award levelHighly commended
InnovationRetaining key executives to turn around failing multi-jurisdictional business
Originality7
Rationale7
Impact6
Total20
DescriptionThe largest-ever cross-border administration required the firm to structure an incentive and retention scheme for 100 key executives at Nortel Networks. The 95 per cent acceptance level was previously unheard of by the administrator, Ernst & Young