Caught in the crossfire: Canada’s flawed sanctions regime clouds business certainty

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Caught in the crossfire: Canada’s flawed sanctions regime clouds business certainty
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Ambiguity in the scope of Canada’s economic sanctions regime makes it challenging for businesses to conduct commercial activities while ensuring they also comply with the law

Warren Ferguson is an associate in the competition and foreign investment group at Stikeman Elliott LLP.

If that is the case, it would be illegal for any Canadian to deal with that company, even if a law-abiding Canadian individual owned the remaining 95-per-cent ownership interest along with the right to appoint all the remaining board members. conviction, one guilty plea and one acquittal. In fact, Canada has not commenced a prosecution under SEMA over the past 2½ years, despite sanctioning thousands of individuals and entities since Russia’s expanded invasion of Ukraine.

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