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ARTICLE · 06 OCTOBER 2014

Foreign Investment In The Canadian Book Industry

Stikeman Elliott LLP
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In 1992, the Minister of Canadian Heritage and Official Languages issued the Revised Foreign Investment Policy in Book Publishing and Distribution under the Investment Canada Act.

CanadaAntitrust/Competition Law
Shawn C.D. Neylan
Shawn C.D. Neylan
Michael Kilby
Michael Kilby
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An Opportunity for Foreign Investors to Consider Investments in the Canadian Book Industry

In 1992, the Minister of Canadian Heritage and Official Languages (the "Heritage Minister") issued the Revised Foreign Investment Policy in Book Publishing and Distribution (the "Book Policy") under the Investment Canada Act ("ICA"), Canada's foreign investment legislation, whereby controlling investments by non-Canadians in Canadian book publishing, distribution or retail businesses were generally prohibited, subject to a limited number of specific exceptions.

In recent years, there have been a number of developments which suggest that there is more openness by the Heritage Minister and the Department of Canadian Heritage ("Heritage Canada"), which is responsible for administering and enforcing the ICA in the cultural sector, to consider and allow controlling investments in the book industry by non- Canadian investors.

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