Proposed amendments to the ICA introduce a new level of uncertainty into the government’s treatment of proposed investments by state-owned enterprises

Shuli Rodal

May 3, 2013

Julius Melnitzer, Financial Post, National Post

(Extract)

Bill C-60, which implements the federal government’s previously announced changes to investments by non-Canadian state-owned enterprises, looks to be considerably broader than the announcements had indicated.

According to Matthew Anderson, the proposed legislation would go so far as to empower the Ministry of Industry to determine whether or not an entity is controlled by one or more SOEs and whether a transaction or series of transactions in fact amount to an acquisition of control.

To read the Osler Update, authored by Michelle Lally, Peter Glossop, Peter Franklyn, Shuli Rodal and Matthew Anderson, please click here.

To read the full FP article, please click here.