![]() Blog Canadian Government Adjusts Rules for Foreign InvestmentDecember 11, 2012 On December 7, 2012, the Canadian Minister of Industry announced decisions under the Investment Canada Act (ICA) to allow acquisitions by two foreign state-owned enterprises (Ss): of Nexen Inc. by China National Offshore Oil Corporation (CNOOC) and of Progress Energy Resources Corp. by Malaysia's Petroliam Nasional Berhad (PETRONAS). Immediately following this announcement, the Prime Minister of Canada announced changes to how the government will review acquisitions by foreign Ss. View the full article by Don Greenfield and Beth Riley on the full Bennett Jones website. Republishing Requests For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com. For informational purposes only This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors. |