December 17, 2015
The prevailing economic climate in Canada has spurred Canadian investors to look overseas for investment opportunities, creating record levels of outbound foreign direct investment in 2015. Partner Dany Assaf, who co-chairs Torys’ Competition and Foreign Investment Review Practice, provided his perspective on the trends within this sector in a piece by Bloomberg Business. Below is an excerpt of the article.
“As Canadian companies adjust to the new market conditions in Canada, they will need to get more creative and outward looking for growth opportunities,” said Dany Assaf, co-chairman of the competition and foreign-investment group at law firm Torys LLP. “There is little overall demand growth in Canada so, if you need access to new markets and customers or need to invest large amounts of capital, you’re going to have to increasingly look abroad. In that sense, it’s just math.”
To read the full article, click here.
For more of our lawyers’ analysis on Canadian investments both inbound and outbound, see our M&A Top Trends 2016 article “Go With the (Capital) Flow in Cross-Border M&A.”