Tech industry backs more federal scrutiny of intellectual property transfers in foreign deals

One tech executive said the government’s new strategy fits the needs of domestic companies in sectors such as critical minerals,, semi-conductors and quantum computing, where foreign capital is often essential to growth and intellectual property is the most valuable asset.

to foreign countries, such as China. After Ottawa’s announcement, a Vector Institute spokesperson said in an e-mail:It makes sense for the government to be reviewing the act at this juncture to ensure it is in line with today’s modern world while protecting the economic interests of Canadians, including intellectual property.”

Shifting the timelines on takeover reviews in sensitive sectors would align the act with the approach taken by some of Canada’s allies and has significant implications on how deals actually get done, said Charles Tingley, a partner in law firm Davies Ward Phillips & Vineberg LLP who specializes in foreign investment.

None of those deals were blocked, although some were voluntarily withdrawn. Government records show that transactions with enhanced reviews took an average of 133 days to complete, although full formal reviews can take considerably longer, said Mr. Tingley.

This would have been great 20 years ago

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Tech industry supports federal government scrutiny of intellectual property transfers in foreign dealsSucceeding in the knowledge economy increasingly means securing intellectual property of domestic companies Tech companies like this? 👇 The ones who government colluded with to suppress speech, interfere in elections & censor scientific facts to control & harm their own citizens?
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Japanese company's lander rockets toward moon with UAE rover and Canadian techA Tokyo company aimed for the moon with its own private lander Sunday, blasting off atop a SpaceX rocket with the United Arab Emirates' first lunar rover and a toylike robot from Japan that's designed to roll around up there in the grey dust.
Herkunft: CTVNews - 🏆 1. / 99 Weiterlesen »

Tech industry supports federal government scrutiny of intellectual property transfers in foreign dealsSucceeding in the knowledge economy increasingly means securing intellectual property of domestic companies Tech companies like this? 👇 The ones who government colluded with to suppress speech, interfere in elections & censor scientific facts to control & harm their own citizens?
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »