Archive for the 'Investment Canada' Category
October 19, 2010
The Sidney Morning Herald, CBC News, Globe and Mail and others reported earlier today that Saskatchewan “government sources” had disclosed that the Saskatchewan Government intended to oppose BHP Billiton’s hostile bid for Potash Corp.
September 23, 2010
Somewhat in contrast to recent developments in the BHP/Potash transaction, BHP received some good news today. Reuters and others are reporting that the BHP has received U.S. antitrust clearance (Hart-Scott clearance) for its bid for Potash Corp.
September 5, 2010
According to Reuters, Chinese state officials have ordered state companies to meet with investment bankers to explore options to potentially block BHP’s $39 billion hostile bid for Potash Corp.
September 3, 2010
RECENT AMENDMENTS
What Has Changed?
Significant changes were recent made to Canada’s foreign investment regime. The recent changes coincide with sweeping amendments to the federal Competition Act, including significant changes to Canada’s merger control regime.
August 27, 2010
The Globe and Mail has reported that there is speculation that Chinese bidders may emerge in the play for Potash Corp., to rival BHP Billiton Ltd.’s USD $38.6 billion hostile bid. According to the Globe, potential Chinese bidders include Sinochem Group (chemical conglomerate and China’s largest fertilizer trader, with its fertilizer unit Sinofert), China National Offshore Oil Corp. (energy firm – CNOOC Ltd.) or China Investment Corp. (CIC, China’s sovereign wealth fund). Yesterday, Sinofert’s CEO Feng Zhibin told reporters in Hong Kong that the companies “continue to closely watch the deal” but did not comment on whether they were considering a rival bid.
August 26, 2010
RECENT AMENDMENTS
What Has Changed?
Significant changes were recent made to Canada’s foreign investment regime. The recent changes coincide with sweeping amendments to the federal Competition Act, including significant changes to Canada’s merger control regime.
August 25, 2010
NATIONAL SECURITY REVIEW
Overview
Amendments to the Investment Canada Act in March, 2009 introduced a new “national security” review mechanism, under which the Minister and federal Cabinet have the power to review proposed or completed investments that may be considered to be “injurious to national security” (on March 12, 2009, the Canadian Government passed the Budget Implementation Act, 2009, intended to improve and modernize the Investment Canada Act and Competition Act).
August 18, 2010
Recent Investment Canada Act Amendments
Significant changes were recent made to Canada’s foreign investment regime. The recent changes coincide with sweeping amendments to the federal Competition Act, including significant changes to Canada’s merger control regime.
Templates/precedents and checklists to run promotional contests in Canada
Templates/precedents and checklists to comply with Canadian anti-spam law (CASL)
