In This Issue:
- Investment Canada
..State-Owned Enterprises Under Scrutiny
- Competition Act
..Cartels And Bid-Rigging
..Abuse Of Dominance
..Competition Bureau Guidance
- Excerpt from State-Owned Enterprises Under Scrutiny:
The Investment Canada foreign investment regime was in the spotlight for much of 2012. Two high-profile and controversial takeovers of Canadian companies were reviewed and approved under the Investment Canada Act, Canada’s foreign investment review legislation: the acquisition of oil and gas company Nexen by Chinese state-owned enterprise (SOE), CNOOC, and the acquisition of natural gas producer Progress Energy by Malaysian SOE, Petronas. At the same time, Canada announced a new and more stringent policy framework for the review of SOE investments in Canada. The new policy reflects the Government’s limited tolerance for significant foreign government ownership in the Canadian economy.
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