Canada: Department for Innovation, Science and Economic Development investigation into Bluvec Technologies and Pegauni Technology under the Canadian Investment Act
Progress
Current status
in force
24 May 2024 in force
Scope
Implementers
Canada
Policy Area
Foreign direct investment
Policy Instrument
MNE: Entry and ownership rule
Regulated Economic Activity
other service provider
software provider: other software
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Issued order to dissolve Bluvec Technologies and Pegauni Technology under the Canadian Investment Act
On 24 May 2024, the Department for Innovation, Science and Economic Development of the Government of Canada issued an order to dissolve Bluvec Technologies Inc. and Pegauni Technology Inc. due to national security concerns. Both companies were serve…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
central government