Proposed amendments to Canada’s national security regulations for foreign investment: Pre-closing clearance process to be available to foreign minority investors

On February 12, the Canadian Government launched a 30 day public consultation on proposed amendments to the Investment Canada Act’s National Security Review of Investments Regulations (National Security Regulations). Pursuant to these amendments, foreign investors who plan to acquire non-controlling stakes in Canadian businesses would be able to pre-clear such investments on national security grounds by voluntarily making a notification filing before closing.

We provide the upside and the downside of these proposed amendments and key takeaways. Read more.

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About Sandy Walker

Sandy Walker is co-Chair of Dentons' Competition and Foreign Investment Review group and is recognized as one of the country’s leading competition and Investment Canada Act lawyers. Sandy's practice focuses on securing government approvals for mergers and acquisitions from the Competition Bureau, Investment Canada and other regulatory agencies, including navigating complex “net benefit to Canada” reviews and the national security review process on behalf of foreign investors, both state-owned and private sector.