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ARTICLE · 23 OCTOBER 2007

Foreign State-Owned Investors Spark “National Security” Concerns

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Foreign state-owned enterprises hoping to invest in Canadian industry may face an additional hurdle in the near future. In a recent address to the Vancouver Board of Trade, Minister of Industry Jim Prentice indicated that the federal government intends to revise the Investment Canada Act (ICA), citing the need to examine acquisitions by so-called state-owned enterprises and the absence of a national security review mechanism as concerns necessitating a full review of the ICA this fall.

CanadaCorporate/Commercial Law
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Article by Cliff Sosnow, Eric Elvidge, Elysia Van Zeyl, Alexis Von Finckenstein, © 2007, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on International Trade, October 2007

Canada Signals its Intention to Place Restrictions on Foreign Investment

Foreign state-owned enterprises hoping to invest in Canadian industry may face an additional hurdle in the near future. In a recent address to the Vancouver Board of Trade, Minister of Industry Jim Prentice indicated that the federal government intends to revise the Investment Canada Act (ICA), citing the need to examine acquisitions by so-called state-owned enterprises and the absence of a national security review mechanism as concerns necessitating a full review of the ICA this fall.

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