As discussed in our previous blog post, on November 17, 2022, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, launched the much anticipated public consultation on the second stage of potential amendments to the Competition Act (the “Act”).

Continue Reading Unilateral Conduct – Changes on the Horizon?

On November 17, 2022, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, launched the much anticipated public consultation for potential amendments to the Competition Act (the “Act”).

Continue Reading ISED Launches Consultation on Comprehensive Review of the Competition Act

Canada’s Minister of Innovation, Science and Economic Development (“ISED”), Francois-Philippe Champagne, made two important announcements on Monday morning in an exclusive interview with Toronto Star business reporter, Christine Dobby, and in a subsequent press release: (1) the Government of Canada (the “Government”) will engage in a broad review of the Competition Act (the “Act”) with a view to promoting dynamic and fair markets, and (2) the $93 million transaction-size threshold for pre-merger notification will not be increased this year – an unusual development following a year of GDP growth.

Continue Reading Upcoming Review of the Competition Act and Other Developments

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Canadian government responses to two requests made by Fasken Martineau under the Access to Information Act (AIA) and the recent publication by Innovation, Science and Economic Development Canada (ISED) of its Annual Report Investment Canada Act 2015-16 evidence that Canada’s power to conduct national security reviews under the Investment Canada Act (ICA) in respect of foreign investments in Canada has rarely been invoked during the almost 8 years that such power has existed.

Because of the confidentiality obligations imposed on government officials by the ICA and the sensitive nature of the assessment process which is intended to safeguard Canada’s national security interests, the Government historically has been reluctant to comment publicly on specific investments that it has subjected to national security reviews or on the review process in general.  For a considerable period of time, this reluctance extended to even providing statistics on the number of national security reviews that it had actually undertaken.

Continue Reading Investment Canada Act: National Security Review Powers Rarely Invoked