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North American Fur Auction Inc.

Introduction and Overview

​​​​​​​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.


IMPORTANT UPDATE REGARDING NAFA'S RESTRUCTURING PLANS


On January 17, 2024, North American Fur Auctions Inc. and certain of its subsidiaries (who are further detailed below and are collectively referred to as “NAFA") obtained an order of the Court that allows them to call and hold a meeting of creditors (the “Meeting Order") to vote on a Plan of Arrangement (the “Meeting" and the “Plan", respectively).  The Meeting Order is included in sections 1 and 6 below. 

 

The Meeting will be held in a hybrid format at 10:00 a.m. on February 21, 2024.  The in-person portion of the meeting will be held at 8 Adelaide Steet West, Suite 200, Toronto, Ontario, M5H 0A9.  The particulars of the virtual meeting are detailed in the “Notice of Meeting" in section 6 below.  Creditors that wish to attend virtually can access the meeting at the following videoconference link: https://millerthomson.zoom.us/j/94249512386?pwd=Z2dTbVlEbXBpMXduY3M4ZG10TkdIUT09.  The Notice of Meeting also contains certain details regarding voting procedures at the Meeting. The Monitor strongly suggests that interested parties familiarize themselves with the details of the Meeting and the Plan prior to voting.


The Meeting Order requires that the Monitor post certain documents on this website for the benefit of interested creditors (the “Meeting Materials").  Copies of the Meeting Materials are included in section 6 below.



Contact Information

If you have any questions regarding this matter, please contact Deloitte Restructuring Inc. at the following address:

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 nafa@deloitte.ca or call the Monitor's toll free hotline at 1-888-221-0622.


CCAA Documents

The documents hosted on this page may not meet Provincial Accessibility standards. We will respond to any requests for accessible formats regarding public documents and address those requests in a timely and appropriate manner. Please contact us at ashkeene@deloitte.ca.

1)  Court Orders




2)  Motion Materials




3)  Monitor's Reports



4)  Notices and Service Lists



5)  Claims Process Documents



6)  Meeting Materials



Last updated Feb 16, 2024

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