Canada

Canada

Temporarily extends timelines for FDI screening

31 Jul 2020

On 31 July 2020, the Order Respecting Time Limits and Other Periods Established By or Under Certain Acts and Regulations for Which the Minister of Industry is Responsible (COVID-19) was issued. Among others, it extends the initial review period under the National Security Review of Investments Regulations for any investments notified between 31 July 2020 and 31 December 2020. The Order also extends the time given to the Minister to take action for investments that are subject to the Investment Canada Act but do not require a filing.

  • Type:
    • Entry and establishment (Approval and admission)
  • Industry:
    • Not industry specific
  • Sources: