Competition Act changes could hurt deal making: Globe and Mail
UNSPLASHED/ Jonathan Gong
Jameson Berkow, capital markets reporter at the Globe and Mail, looks at how recent amendments to the nation’s Competition Act - beyond new greenwashing provisions - threaten to slow mergers and acquisitions.
One of the biggest changes was flipping “the burden of proof” that now forces companies to show a proposed merger is not anti-competitive, according to the report.
Berkow quoted Chris Hersh, a competition lawyer at Norton Rose Fulbright Canada LLP, as saying the changes will make reviews “more complicated, longer, more expensive and potentially more uncertain.”
