Scotch & Soda Canada Inc. and Scotch & Soda Retail Canada Inc., NOI

Scotch & Soda Canada Inc. and Scotch & Soda Retail Canada Inc., fashion retailers with four retail locations and one wholesale location across Canada, each filed an NOI on May 8. The companies’ Dutch parent filed for bankruptcy in the Netherlands in March. Later that month, Bluestar Alliance, a New York-based brand management company, announced its acquisition of the brand, which will allow for the continuation of the brand and its products across key markets. Since the date the Netherlands proceedings commenced, the viability of the companies has been uncertain. The companies cannot operate without the intellectual property acquired by Bluestar and Bluestar has advised that, outside of the NOI process, the companies cannot continue to use the intellectual property. KSV is the Proposal Trustee, represented by DLA Piper. Cassels is counsel for the companies, and Torys is counsel for Cadillac Fairview.

By: Dina Milivojevic