Share on LinkedInShare on LinkedIn

ARTICLE · 19 NOVEMBER 2010

Foreign Investment Review In Canada After Potash

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Contributor
Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

As one of Canada’s top business law firms, Blake, Cassels & Graydon LLP (Blakes) provides...

View firm profile
Explore more from Blake, Cassels & Graydon LLP

New guidance is expected from the federal government following BHP Billiton's withdrawal on November 14, 2010 of its offer to acquire Potash Corporation of Saskatchewan Inc.

CanadaAntitrust/Competition Law

Copyright 2010, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Competition, Antitrust & Foreign Investment, November 2010

New guidance is expected from the federal government following BHP Billiton's withdrawal on November 14, 2010 of its offer to acquire Potash Corporation of Saskatchewan Inc.

The offer, which was announced on August 18, 2010, was conditional upon, among other things, receipt of regulatory approval under the Investment Canada Act. BHP Billiton received an interim decision from the Minister of Industry on November 3, 2010, indicating that, at that time, the Minister was not satisfied that the proposed transaction was "likely to be of net benefit to Canada" – the statutory test for approval under the Investment Canada Act.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from