Investments in Canadian businesses by foreign state-owned enterprises (“SOE”) may receive greater scrutiny than investments by non-state owned enterprises. The Canadian government has made it clear that investments by SOEs will be assessed differently than other investments under the Investment Canada Act. For example, at the end of 2012, the Minister of Industry indicated that investments by SOEs to acquire control of a Canadian oil sands business will, going forward, only be approved on an exceptional basis. This focus on SOE investors, which will likely result in more SOE investments being scrutinized under the … Continue Reading
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This blog shares information and our views on developments in Canada's power, electricity, and oil and gas sectors, and on other energy services across the country. It provides tactical and timely updates related to developing, structuring, financing and operating successful energy projects, and comments on a variety of domestic and international legal and business issues. The blog’s content scope reaches across Canada and covers a wide range of topics – from energy project development and finance through to completion and operation.