Torys' Canadian and New York offices will be providing regular briefs on the legal ramifications of the tariffs and other cross-border policy developments on the horizon.

In our recent e-communication Canada Lowers the Wall to Foreign Investment, we described recent steps taken by the Canadian government to create a more attractive and welcoming climate for foreign investment...

The federal government has updated its national guidelines around foreign investments in Canadian companies—a change that was deemed necessary due to "the rapidly shifting trade environment,"...

StartupSource has previously covered the federal government's Innovation Superclusters Initiative, which promised to inject $950 million into developing innovation "superclusters."

On March 24, the government of Canada issued updated guidelines on the national security review of foreign investments.

On March 8, 2022, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry issued a policy statement advising non-Canadian investors...

Most significantly, the Guidelines list factors that will be taken into account by the government in determining whether foreign investments into Canada could be injurious to national security.

Important amendments to the Investment Canada Act (the ICA) came into force this week. These amendments are largely designed to strengthen the Minister of Innovation, Science and Economic Development's (the Minister's)...

Quand est-ce qu'un changement de nom signifie plus qu'un changement de nom? Quand il reflète un changement de priorité de la part du gouvernement accordant une plus grande importance...

The 2018/19 Annual Report on the administration of the Investment Canada Act (Act) recently issued by the Act's Director of Investments records a considerable increase in ...

Foreign investors in Canada's critical minerals sector will soon face a new mandatory pre-closing notification regime requiring government review before transactions can close. The regime, expected in early 2027, will significantly expand the scope of investments subject to national security reviews, including minority stakes and asset purchases. What are the key implications for deal timing, penalties, and transaction structure in this evolving regulatory landscape?

The federal government has ordered three Chinese companies to divest recently acquired interests in critical mineral assets. The statement confirming the order comes on the heels of a new policy...

Recently, the United States House of Representatives passed legislation, which, if also passed by the Senate and signed into law by the president, will significantly expand the jurisdiction...

Reverse termination fees (RTFs) are fees payable by acquirors if an acquisition agreement is terminated based on the occurrence of certain events that constitute...

Canada has imposed further sanctions and an investment ban on Russia due to its continuing invasion of Ukraine.

Global trade tensions continue to be a source of uncertainty. The role of the United States as one of the most influential economies across the globe has presented limitations on the ability of many business sectors ...

Among the proposed amendments would be stricter requirements on what constitutes a Canadian entity.

On July 25, 2016, the government of British Columbia introduced Bill 28, Miscellaneous Stat¬utes (Housing Priority Initiatives) Amendment Act, 2016 (the "Act"), seemingly in answer to the growing...

On April 27, 2017, the Government of Ontario released the 2017 Ontario Budget, which outlined several spending objectives related to supporting the technology sector.

Following several important policy and legislative changes, foreign investors in significant Canadian businesses—particularly in resources, energy and infrastructure...