Canada FDI Screening Update Could Lead to Biggest Changes in Over a Decade, Report Says
Canada recently released a proposal to strengthen and update its foreign direct investment reviews, the Hong Kong Trade Development Council reported Dec. 16. The proposal could lead to the “most significant update” to the country’s investment screening regime in more…
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than a decade, the report said, and would establish a new filing requirement for investments in a range of “prescribed sectors,” including in cases in which the foreign investor would gain access to “sensitive assets, information, intellectual property or trade secrets.” The proposal also includes stronger penalties for noncompliance with the filing requirements and mitigation agreements.