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Blog Post | Competition Chronicle

Notification obligations under the Investment Canada Act for foreign lenders

Fasken
Reading Time 1 minute read
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Non-Canadian secured lenders should be aware that they may have a filing obligation under the Investment Canada Act (Act) if they acquire control of a Canadian business in connection with the realization on security granted for a loan or other financial assistance. Until 2009, such transactions were entirely exempt from the Act. Specifically, paragraph 10(1)(c)... Continue Reading

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