Blakes Continuity Podcast: The Moving Landscape of Foreign Investments
Le 3 septembre 2024, une première série de modifications apportées aux dispositions en matière de sécurité nationale de la Loi sur Investissement Canada (la « LIC ») est entrée en vigueur. Ces modifications changent...more
Recent and upcoming reforms to the Investment Canada Act (ICA) introduce significant changes that will impact various sectors. These changes reflect a heightened emphasis on national security reviews, signalling a shift in...more
On September 3, 2024, another wave of amendments to the Investment Canada Act’s (ICA) national security provisions came into effect. In particular, these amendments: (i) significantly alter the landscape for national security...more
Canada’s Minister of Innovation, Science and Industry (Minister) recently issued a Ministerial Statement on Net Benefit Reviews of Canadian Critical Minerals Companies. Transactions involving important Canadian mining...more
Canadian businesses involved in the interactive digital media sector, including video games and augmented reality, should be aware of the implications of the Investment Canada Act and the Canadian government’s recent policy...more
Substantial amendments to the Investment Canada Act (ICA) were enacted on March 22, 2024, with the passing of Bill C-34, the National Security Review of Investments Modernization Act. These amendments, long in the works, will...more
For more than a year, Canada’s foreign investment review regime has been on the cusp of a dramatic expansion that will supercharge foreign investors’ obligations to obtain pre-closing national security non-objection or...more
When is a name change more than a name change? When the change is a reflection of shifting government priorities and an enhanced focus on national security scrutiny of inbound foreign investment in Canada....more
In this annual review of Canadian foreign investment law, we discuss developments over the past year, including proposed amendments to the Investment Canada Act (ICA) and new government policies on the treatment of specific...more
Foreign investors in Canadian businesses are set to face tougher national security review provisions under the Investment Canada Act (the ICA). Canada’s Minister of Innovation, Science, and Industry proposed sweeping...more
Last year saw a fundamental shift in Canada’s trade policy. As the year dawned, Canada still permitted, perhaps even welcomed, investments by Chinese companies. By the end of 2022, however, the government had adopted what...more
There have been significant recent developments related to the treatment of foreign investments in the critical minerals sector, particularly by foreign state-owned enterprises (SOEs) and foreign-influenced private investors....more
The Canadian government has proposed legislation to update and reinforce its national security review process under the Investment Canada Act (ICA). The proposed changes contained in Bill C-34, National Security Review of...more
On December 7, 2022, François-Philippe Champagne, the Minister of Innovation, Science and Industry (the Minister), announced several proposed amendments to the national security regime under the Investment Canada Act (ICA)...more
Foreign Investment Policy - 1.1 - What is the national policy with regard to the review of foreign investments (including transactions) on national security and public order grounds? The review of foreign investments...more
On Wednesday, December 7, the Minister of Innovation, Science, and Industry introduced the National Security Review of Investments Modernization Act. It proposes significant amendments to the national security regime operated...more
On December 7, 2022, François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry (Minister), announced a sweeping set of proposed amendments to the national security provisions of the Investment Canada...more
The Canadian government recently released the 2021-2022 Annual Report covering non-cultural foreign investment reviews under the Investment Canada Act (ICA) from April 1, 2021 through March 31, 2022. Given the government’s...more
The Canadian government announced a new policy on October 28, 2022 (the Policy) under the Investment Canada Act (ICA) governing investments by state-owned enterprises (SOEs) in Canada’s critical minerals sector....more
On October 28, 2022, the Government of Canada released a policy providing additional clarity about how the Investment Canada Act (ICA) will be applied to investments in Canadian entities and assets in critical minerals...more
The past year generated substantial interest in the operation of the Investment Canada Act (ICA), especially the national security review process, against the backdrop of changes in government policy that purport to...more
The first nine months of 2021 set records for global M&A activity and kept private equity firms especially busy. An abundance of dry powder and low interest rates have encouraged private equity investors to make up for lost...more
Since COVID-19, deals involving foreign state-owned enterprises or enterprises related to public health or the supply of critical goods and services are increasingly subject to review- The Investment Review Division (IRD),...more
After operating in Canada for five years, China Mobile International (Canada) Inc. (CMI) was ordered by the Canadian government in August 2021 to shut down or divest its Canadian operations because of national security...more
Les examens des investissements étrangers en vertu de la Loi sur Investissement Canada (la « LIC ») demeurent une priorité dans le contexte économique et politique actuel au Canada. Le 24 mars 2021, le gouvernement du Canada...more