Canada, India Following Trend of Increased Foreign Investment Scrutiny
Canada and India recently announced increased restrictions on certain foreign investments, following a broader trend of countries scrutinizing investments involving critical technologies (see 2003260003, 2003250033 and 2002260042), according to an emailed report from Baker McKenzie on April 23. Canada announced…
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measures to increase scrutiny on investments “of any value” related to “public health or critical goods and services,” Baker McKenzie said, while India said it will now require government approval for all investments from countries that share its borders. Both actions will likely lead to a more “in-depth examination” of transactions, more detailed information requests from both governments and “lengthier review times,” the alert said.