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Lexpert: Feds agree to security review for foreign businessman Add to ...

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The federal government has consented to the Federal Court’s setting aside of a Cabinet order, requiring a Chinese investor to divest control of a Canadian business for national security reasons.

The decision will have significant consequences for the future of foreign investment review in Canada. Since the national security process was introduced in 2009, there have been no successful judicial reviews of the eight national security reviews that have occurred.

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