Global Trade Alert
Global Trade Alert

Canada: Government orders the dissolution of two foreign-owned firms

Announcement

24 May 2024

In May 2024, the government of Canada ordered the dissolution of Bluvec Technologies Inc and Pegauni Technology Inc, the two foreign-owned firms, citing national security concerns. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 May 2024

Revocation date:

No revocation date

Announced: 24 May 2024
FDI: Treatment and operations, nes In force
On 24 May 2024, the government of Canada ordered the dissolution of Bluvec Technologies Inc and Pegauni Technology Inc, the two foreign-owned Canadian firms, citing national security concerns. The gov...
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