June 20, 2024 - When is a board of directors permitted to withhold information from one of its members? Although the Canadian corporate statutes generally grant directors a blanket right to inspect board and committee minutes, there is uncertainty as to whether a board could nonetheless withhold from a director...
Investment Canada Act: Guide for Foreign Investors in Canada, 2019 Edition
The regulatory landscape for foreign investments in Canada is constantly evolving. As a regular adviser on matters relating to the Investment Canada Act (ICA), Davies has updated this informative guide for foreign investors and their advisers, which provides an overview of the ICA and how it is applied. Topics addressed include the following:
- thresholds and considerations that trigger a review under the ICA
- factors considered during an ICA review, and timing of the review process
- undertakings regularly required as a condition for approval
- sanctions for non-compliance with the ICA
- state-owned enterprise guidelines
- national security reviews
Key Contacts
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May 28, 2024 - The recent decision of the Ontario Capital Markets Tribunal to allow a defensive private placement amidst a battle for control places another nail in the coffin for hostile bids in Canada In a perplexing decision, Mithaq Canada Inc (Re), the Ontario Capital Markets Tribunal...