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Canadian court overturns government ruling on Globalive foreign ownership

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • Canada
  • -
  • February 11 2011

Globalive, a recent entrant and fast-growing player in Canada's wireless telephony market, was dealt a serious blow last Friday by the Federal Court of Canada, which struck down an earlier government ruling that found Globalive's ownership structure to be permissible under Canada's foreign ownership law