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ARTICLE · 21 OCTOBER 2019

Canadian National Security Reviews: 10 Takeaways

McMillan LLP
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Canada, like many other countries, has adopted a regime for reviewing foreign investment. The regime was established in the 1970's as an express response ...

CanadaGovernment, Public Sector
James Musgrove
James Musgrove
Daniel Edmondstone
Daniel Edmondstone
William Wu
William Wu
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Introduction

Canada, like many other countries, has adopted a regime for reviewing foreign investment. The regime was established in the 1970’s as an express response to concerns about perceived American domination of the Canadian economy.  In 1985 the regime was significantly transformed, becoming much less protectionist in tone and substance.  While the system was originally designed to protect against foreign control, it is now transforming, primarily, into a national security review mechanism, like the CFIUS system in the United States.1 In this brief we provide an overview of the Canadian national security review system and some practical tips for navigating through it.

Decreased General foreign investment Review Concern

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

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