Finance committee  In my personal view, I think Bill C-59, along with a number of other reforms that have come up in the last couple of years, is quite comprehensive and really does represent a sea change in the approach to competition and enforcement. I think this does go far enough. There are a

Finance committee  There are a couple of different topics. I'll take them in turn. Bill C-59 does change the limitation period for mergers, specifically as it applies to mergers that are not notified to the commissioner. It extends that period from one year to three years, and I think there is som

Finance committee  I don't have answers as to—

Finance committee  I think that's a great question. As Mr. Weiler said, there are a number of changes largely expanding the rights of private access to many of the different provisions under the act. The way our act is set up is it's relatively codified, so there are specific provisions for differ

Finance committee  That's a very 30,000-foot question, and I'm afraid it's a bit above my pay grade. My comments were restricted to the Competition Act, which is covered in Bill C-59. However, I also deal with the Investment Canada Act, which governs the review of foreign investment going into Cana

Finance committee  There are two types of processes under the Invest in Canada Act that foreign investors may have to go through. One is what we call a net benefit test, which is for certain investments that exceed financial thresholds. They need to go through a preclosing review and approval pro

Finance committee  Thanks very much. Good afternoon, Mr. Chair and honourable members of the committee. My name is Kate McNeece, and as the honourable chair just said, I am a partner at the law firm of McCarthy Tétrault, practising in competition, antitrust and foreign investment. Thank you very

Industry committee  I wouldn't mind commenting, if that's all right. I think this is a really important question. In my experience, the minister, when reviewing investments, will look at intellectual property and tangible assets. I know that he will consult with other areas of government on that qu

Industry committee  I've represented state-owned enterprises in respect of the reviews on the Investment Canada Act, yes.

Industry committee  One advantage of these amendments would be the institution of the categories of businesses for which preclosing notification will be required. Many of the panellists have discussed in this session and previous sessions the very broad jurisdiction of the ICA to require mandatory f

Industry committee  That's a great question. I think one of the major advantages of moving this power to the minister is that there is greater flexibility within the timing of the transaction. The existing power to impose conditions on a transaction is in the final period of the review. The GIC rev

Industry committee  Good afternoon, Mr. Chair and honourable members of the committee. My name is Kate McNeece, and I'm a partner in the competition, antitrust and foreign investment group at the law firm of McCarthy Tétrault. Thank you very much for inviting me to appear before you today. Before