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Canada Proposes Amendments to the Investment Canada Act for Greater Disclosure and Enhanced Enforcement

May-8-2012

Area Competition, Antitrust and Foreign Investment

Summary

On April 26, 2012, the Canadian government announced plans to amend the Investment Canada Act (the “ICA”).  The amendments in Bill C-38 (the Jobs, Growth and Long-Term Prosperity Act) are intended to (i) enhance the transparency of the review process under the ICA; and (ii) improve enforcement tools for contraventions of the ICA.

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