Worth the Wait? National Security Guidelines Finally Published under the Investment Canada Act
The federal government has finally issued long-awaited Guidelines on the National Security Review of Investments, which clarify its approach to the national security review regime for foreign investments that was enacted in 2009. While the Guidelines enumerate nine factors that the government may use to evaluate whether a transaction is injurious to national security, the process still remains, at least in part, a black box. The Guidelines maintain that the government does not have to provide much information about the review to the affected parties since the review may be based on “sensitive information”. The Factors The novelty of the Guidelines ... [more]
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