The Canada government announced new investment guidelines on Wednesday aimed at preventing foreign governments and investors from stealing intellectual property and sensitive data and taking over key sectors. Innovation Minister François-Philippe Champagne said in a statement that the updates to the 2016 Guidelines on the National Security Review of Investments will enhance the scrutiny of…
Canada Enhances Scrutiny of Foreign Investments to Prevent Takeovers in Key Sectors
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AMSTERDAM—The flow of businesses moving to the Netherlands because of Brexit remained strong in 2020, even though foreign investment fell by a quarter as the coronavirus pandemic hit, the Netherlands Foreign Investment Agency said on Thursday. Amsterdam has attracted companies in trading and finance, medicine and agriculture, as well as logistics and distribution looking to…
Australia Rejects $300M Chinese-Bid for Construction Giant Probuild
January 11, 2021
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A multi-million dollar bid by one of the world’s largest construction firms to acquire a majority stake in Australian-based Probuild has been blocked by the foreign investment regulator and Treasurer Josh Frydenberg. The almost $300 million bid by the state-owned China State Construction Engineering Corporation (CSCEC) to acquire an 88 percent stake in Probuild was…
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