Sept. 17, 2020 - As the COVID-19 public health crisis continues to unfold around the globe, antitrust considerations remain important for businesses evaluating strategic options and reacting to the pandemic’s disruptive impact on business operations. The legality of competitor collaborations, the applicable...
Navigating the Choppy Waters of Foreign Anticorruption Enforcement
The first reported case of corporate foreign corruption dates back to the 16th century, when the British East India Company bribed Mogul rulers with “rare treasures, including paintings, carvings and costly objects made of copper, brass and stone” in consideration of a tax break on exports. Historically, these practices were seen as an essential aspect of doing business abroad, or “as a kind of grease to move economic machinery along when there were bureaucratic obstacles.” Thus, foreign corruption became a well-entrenched profitable practice, which was even welcomed by shareholders of early multinationals.
Aug. 13, 2020 - The Minister of Innovation, Science and Industry has issued an order, under recently enacted federal legislation, extending several time periods for the national security review (NSR) process under the Investment Canada Act (ICA). The NSR process may be invoked in respect of any...