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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Canada | Update | March 17, 2020 4 PM ET
Immigration, Refugees and Citizenship Canada (IRCC) published an updated set of special measures to help temporary and permanent residents conserve and/or obtain their rights to remain or work in Canada during the outbreak. These measures include:
• Temporary residence applicants from outside Canada
• Permanent residence applicants
• Citizenship applicants
As expected, we have noted an increase in processing times in applications being processed in China, Iran and South Korea.
A dedicated channel has also been created by IRCC for applicants in China, Iran and South Korea needing a visitor visa, study permit or work permit urgently to travel to Canada.
Beyond these measures, IRCC’s position is that of business as usual. This means that foreign nationals remain responsible for ensuring they have the correct legal authorizations to remain and work in Canada even if they are obliged to stay in Canada longer than expected due to the outbreak.
Notably, IRCC has also indicated that the physical presence requirement will not be lessened for permanent residents. This is important for permanent residents who might not be able to travel back to Canada for an extended period.
Employers should remember:
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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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.
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