![Global rules on foreign direct investment](https://www.nortonrosefulbright.com/-/media/images/nrf/nrfweb/knowledge/publications/us_24355_legal-update--fdi-alert.jpeg?w=265&revision=a5124a65-abf9-40e4-8e96-9df39ffdb212&revision=5250068427347387904&hash=96B456347C3246E5649838DF281C5F5D)
Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Canada | Publication | March 19, 2020 - 2 PM ET
We are all being forced to navigate the many challenges stemming from the rapid spread of COVID-19 (novel coronavirus). In that connection, we want to assure our registrant and investment fund clients that we are technologically equipped and fully accessible and are prepared to help respond to disruptions faced by you in this challenging time.
We are also monitoring relevant regulatory guidance as it is released and events as they unfold and we will continue to provide regular updates.
The various regulators are taking precautionary measures to protect the health and safety of employees and the public and are coordinating their approach for market participants filing deadlines and other compliance expectations. The OSC and IIROC have announced they will continue to carry out essential and core regulatory responsibilities while recognizing that flexibility is critical at this time. The OSC and IIROC have recently released updates and guidance relating to the current situation. Some of the salient details are as follows:
OSC staff has transitioned to mostly working remotely, but all operations will continue and efforts are being made to carry out business as usual:
IIROC’s offices are operating with limited staff onsite but are continuing to carry out critical regulatory responsibilities:
The COVID-19 situation presents unprecedented challenges to registrants and market participants. Our team is closely watching the key issues it raises. Regulators are taking steps to meet this worldwide pandemic and we are positioned to continue to provide our clients with the level of services expected and required.
We will continue to deliver relevant and timely updates. In the meantime, we remain available if you need further guidance or to share our relevant experience.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Publication
We are delighted to announce that Al Hounsell, Director of Strategic Innovation & Legal Design based in our Toronto office, has been named 'Innovative Leader of the Year' at the International Legal Technology Association (ILTA) Awards.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023