As fallout from the crisis continues to unfold, markets around
the world are adjusting and factors foundational to
dealmaking—the role of government, the regulatory and
legislative environment, public sentiment and political
dynamics—are in flux.
Concerns the pandemic has raised about globalization are top of
mind for many. In Canada, the federal government has announced its
intention to increase scrutiny on certain cross-border
transactions; and the Canadian public's views on foreign
investment may be shifting towards a “Canada First”
sentiment.
With cross-border dealmaking expected to contribute to the
recovery of the Canadian M&A market, what impact can foreign
investors expect a more protectionist outlook in Canada to have on
their M&A strategies?