In Brief Following weeks of tariff threats from the U.S. and the imposition of retaliatory Canadian tit-for-tat tariffs and non-tariff measures, the U.S. and Canada are currently in the midst of a trade war that is expected to have significant economic repercussions. On 5 March 2025, the Government of Canada announced that it would take action under the Investment Canada Act (“ICA”) to protect Canadian companies from foreign investors looking to capitalize on the current…
Baker McKenzie’s Global Compliance News Blog published “New EU foreign subsidies regime will impact many large businesses operating in Europe ā preparing to minimise that impact is now urgent,” which can be viewed here.
With global foreign investment scrutiny on the rise, not least in the current COVID-19 environment, staying fully informed and ahead of the curve has never been more important. For the latest developments and updates, please visit our new Foreign Investment and National Security blog (see here). This blog will keep users up-to-date in respect of global foreign investment review and national security trends and issues, informing you about the legal and business risks impacting your next transaction. FIRE…
On September 17, 2019, the Department of Treasury (Treasury) released for public comment two proposed rules (the āProposed Rulesā) implementing the Foreign Investment Risk Review Modernization Act (FIRRMA) enacted in August 2018. FIRRMA expanded the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS) and granted CFIUS new tools to regulate foreign investments raising national security concerns. Our previous analysis of FIRRMA is available here, and our analysis of the ācritical technologiesā pilot…