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Trends in Foreign Investment Review: Expanding role for national security in Canada’s foreign investment review

By Sandy Walker
February 11, 2021
  • Foreign Investment Review
  • National Security
  • Public Policy and Regulation
  • Regulatory
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Most foreign investors will enter Canada without a hiccup. However, a small number of transactions may receive closer scrutiny under Canada’s foreign investment review law, the Investment Canada Act (ICA). In 2021, that scrutiny is increasingly likely to be in the form of review under the ICA’s national security review process rather than its “net benefit to Canada” review process.

In the fourth article of our Dentons’ Pick of Canadian Regulatory Trends to Watch in 2021 series, Sandy Walker forecasts that the Canadian government will more closely scrutinize foreign investments on national security grounds in 2021 and will consider a range of concerns broader than traditional defence-related factors. Despite this, she expects that the vast majority of foreign investments will sail through the screening process with ease in 2021.

Read the complete article here.

This piece was originally published on dentons.com

To read other articles in the Dentons’ pick of Canadian Regulatory Trends to Watch in 2021 series, click here.

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Sandy Walker

About Sandy Walker

Sandy Walker is co-Chair of Dentons' Competition and Foreign Investment Review group and is recognized as one of the country’s leading competition and Investment Canada Act lawyers. Sandy's practice focuses on securing government approvals for mergers and acquisitions from the Competition Bureau, Investment Canada and other regulatory agencies, including navigating complex “net benefit to Canada” reviews and the national security review process on behalf of foreign investors, both state-owned and private sector.

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