To print this article, all you need is to be registered or login on Mondaq.com.
What are the emerging threats and opportunities of Britain s
post-Brexit relationship with the EU? And, what does the UK s
departure from the European Union mean for you and your
business?
Partner and Head of EU, Trade and Competition, Bernardine
Adkins, joins the King s Business Club, to discuss the
implications of Brexit on UK and EU relations. And, with a distinct
focus on the international trade, economic, and financial impacts,
shares her views on the positive and negative market impacts for
British companies operating out of the
The 2021 updates to the merger thresholds under Canada s
Competition Act and
for the first time ,
the
Competition Act s size-of target threshold
decreased by C$3 million to C$93 million.
Competition Act
The
Competition Act requires advance notification of
certain merger transactions involving operating businesses in
Canada where size-of-parties and size-of-target financial tests both are exceeded:
The size-of-target test
requires that the value of assets in Canada to be acquired, or
owned by the corporation the shares of which are being acquired, or
the annual gross revenue from sales in or from Canada generated by
those Canadian assets, exceeds a specified threshold. The
Ertain merger notification thresholds under Canada's Competition Act and foreign investment review thresholds under the Investment Canada Act (ICA) are updated on a yearly basis.
The Competition Bureau
the 2021
transaction-size pre-merger notification threshold under the
Competition Act is decreasing to C$93 million, effective February
13, 2021. Innovation, Science and Economic Development Canada also
announced new, lower foreign investment review thresholds under the
Investment Canada Act, effective January 1, 2021.
These thresholds are adjusted annually based on GDP formulas. As
a consequence, they generally increase each year. This year s
decrease in merger review thresholds is a consequence of
Canada s economic contraction following from extensive
restrictions on economic activity imposed by governments which were
intended to slow the spread of COVID-19. If the economy recovers,
it is likely these thresholds will increase in 2022.