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Investment Canada Act PETRONAS

Bennett Jones LLP

Canadian Government Adjusts Rules for Foreign Investment

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On December 7, 2012, the Canadian Minister of Industry announced decisions under the Investment Canada Act (ICA) to allow acquisitions by two foreign state-owned enterprises (SOEs): of Nexen Inc. by China National Offshore...more

Bennett Jones LLP

PETRONAS Decision Signals Feds' Caution on SOE Investment Reviews

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On October 19, 2012, minutes prior to the expiry of the review period mandated by the Investment Canada Act (ICA), the Minister of Industry, Christian Paradis, announced that he was rejecting the proposed acquisition of...more

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