Winnipeg millionaire and fashion tycoon Peter Nygaard may be facing jail time in the Bahamas.

Nygaard, who owns a home there, has been involved in court proceedings with his billionaire neighbour Louis Bacon.

Nygaard has been found to be in contempt of court for disobeying court orders involved in the case.

He must pay $50,000 and other fees in order to avoid 30 days in jail.