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Potential new impediments to M&A transactions: restrictions on foreign stateowned enterprises and a new national security test in Canada

  • Torys LLP
  • -
  • Canada, USA
  • -
  • October 17 2007

On October 9, 2007, Jim Prentice, Minister of Industry, announced that this fall the government of Canada will consider introducing new guidelines on takeovers by foreign stateowned enterprises and amending the Investment Canada Act to permit the review of foreign investments that could compromise Canada’s national security