October 31, 2019, North American Fur Auctions Inc. and North American Fur Producers Inc., NAFA Properties Inc., NAFA Properties (US) Inc., 3306319 Nova Scotia Limited, NAFA Properties Stoughton LLC, North American Fur Auctions (US) Inc., NAFPRO LLC (Wisconsin LLC), NAFA Europe Co-Operatief UA, NAFA Europe B.V., Daikoku SP.Z OO, and NAFA Polska SP.Z OO (collectively, the "Applicants") commenced court-supervised restructuring proceedings under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the "CCAA").
On the same day,
the Ontario Superior Court of Justice (Commercial List) (the "Court")
granted an Initial Order (the "Initial Order"), which, among other
things, provides for a stay of proceedings until November 29, 2019 (the "Stay Period").
On January 30, 2020, the Court granted an Order extending the Stay Period until
and including April 3, 2020.
Also pursuant to the Initial Order, Deloitte Restructuring Inc. was appointed as monitor (the "Monitor") of the business and financial affairs of the Applicants.
If you have any questions
regarding this matter, please contact Deloitte Restructuring Inc. at the
Deloitte Restructuring Inc.
Attention: In its capacity as Court Appointed
Monitor of North American Fur Auctions Inc.
Bay Adelaide East
8 Adelaide Street West, Suite 200
Toronto, ON M5H 0A9
Persons requiring further
information not available on the Website should email the Monitor at email@example.com or
call the Monitor's toll free hotline at 1-888-221-0622.
Jul 22, 2020