Competition Chronicle

Competition Chronicle

Competition & Antitrust | Foreign Investment

Tag Archives: foreign investment

Investment Canada Act threshold: exemption increases to $1.5B for EU companies acquiring Canadian businesses

Posted in Foreign Investment
Investment Canada Act threshold exemption for European Union companies directly acquiring Canadian businesses increases to $1.5 billion effective September 21, 2017 Effective September 21, 2017, most of the provisions contained in the Canada-European Union Comprehensive Economic and Trade Agreement Implementation Act (Act), including those provisions amending the Investment Canada Act, will come into force. Currently,… Continue Reading

Investment Canada Act Pre-Merger Review Threshold Increases to $ 1 Billion

Posted in Foreign Investment
Canada’s planned increase to the generally applicable threshold for “net benefit” reviews under the Investment Canada Act (ICA) from $800 million to $1 billion became effective June 22, 2017. The new $ 1 billion threshold, which is calculated using the enterprise value of the Canadian business being acquired, should have the effect of exempting most… Continue Reading

On Second Thought: The Government of Canada Reverses Prior National Security Ruling

Posted in Foreign Investment
In what appears to be a dramatic shift in Canada’s foreign investment review policy, the federal government has recently approved the acquisition of ITF Technologies Inc. (“ITF”), a Montreal-based technology firm, by O-Net Communications Holdings Limited (“O-Net”), a Chinese developer of optical networking components, which is said to be effectively controlled by the Chinese government.… Continue Reading