Getting the Deal Through - Mergers & Acquisitions 2015 - Foreign Investment Review in Canada
|Area||Mergers and Acquisitions, Competition, Antitrust and Foreign Investment|
The federal government has reviewed foreign investment in Canada for over 40 years, during which period the level of scrutiny of foreign investment has waxed and waned. The current foreign investment review legislation, called the Investment Canada Act (ICA), was introduced in 1985 and was intended to provide a more light-handed approach to the review of foreign investment than its predecessor legislation, the Foreign Investment Review Act. For most of the ICA’s history, that has proved to be the case. As described below, the current government has passed new regulations that when in force are expected to reduce the number of transactions subject to review under the ICA.