Canada will apply existing foreign ownership laws to PetroChina’s Oilsands Bid

The government of Canada has publicly stated that foreign ownership review legislation shall apply to PetroChina’s bid to buy Canadian oil sands assets, but will not introduce further barriers to investing in the country.  Current regulations call for…

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South Africa: Stiff New Penalties for Price Collusion

The Competition Amendment Bill (South Africa) was signed into law this past weekend.  The new legislation will allow directors and managers to be sent to jail for 10 years or receive a fine of 45,000 euros if convicted…

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