Enhanced scrutiny of foreign investment during the COVID-19 pandemic
18 Apr 2020
On 18 April 2020, the Canadian Government published its Policy Statement on Foreign Investment Review and COVID-19 that announced an “enhanced scrutiny” of “foreign direct investments of any value, controlling or non-controlling, in Canadian businesses that are related to public health or involved in the supply of critical goods and services to Canadians or to the Government” . This measure is an response to “opportunistic investment behaviour” caused by declines in valuations of Canadian businesses as well as by investment of state-owned enterprises that “may be motivated by non-commercial imperatives that could harm Canada's economic or national security interests, a risk that is amplified in the current context”. The new policy has been introduced until economic recovery from the COVID-19 pandemic.
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Entry and establishment (Approval and admission)
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