On 24 March 2021, the Minister of Innovation, Science and Industry (“Minister”) issued updated Guidelines on the National Security Review of Investments (“Updated Guidelines”). The Updated Guidelines outline additional factors and clarify existing factors the Canadian government will consider in assessing investments for potential national security concerns under the Investment Canada Act (ICA). These…

The Canadian government has temporarily extended three key time limits applicable under the national security provisions of the Investment Canada Act (ICA), potentially introducing more uncertainty for foreign investors and impacting deal timelines for transactions involving Canada. The extended time limits will apply to most transactions implemented or subject to a filing under the ICA between 31 July and 31 December 2020.

The COVID-19 pandemic has caused an unprecedented shock to the global economy, prompting, among other things, competition law enforcers to reassess how they approach competitor collaborations. In particular, many regulatory agencies have implemented policies aimed at assisting businesses in their efforts to mitigate supply chain disruptions and other effects while ensuring that essential goods and services are available to those who need them. Baker McKenzie has previously reported on these developments globally and in specific jurisdictions such as the European Union and the United States, in our Baker McKenzie Coronavirus Resource Center.