2018 was the year in which the global move towards greater
protectionism in economic and trade policy translated into
significant developments in foreign investment regimes in a number
of countries. These developments potentially complicate the
regulatory landscape for companies seeking to invest overseas,
making it more important than ever for in-house counsel and their
external advisors to prepare adequately for scrutiny under foreign
investment regimes.
These developments are particularly important for readers
familiar with Canada's well-established foreign investment
regime pursuant to the Investment Canada Act, which, for
nearly a decade, has included the power to review investments which
potentially raise national security concerns. By
contrast with the relative predictability and long-standing nature
of Canada's foreign investment and national security review
regime, the implications of recent developments in other
jurisdictions are not yet clear.