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Chinese telecom firm seeks stay of federal divestment order security concerns

November 25, 2021
Source: nanaimonewsnow.com nanaimonewsnow.com
News Snapshot:
Chinese telecom firm seeks stay of federal divestment order security concerns OTTAWA — A state-owned Chinese telecommunications firm is asking a judge to pause a federal order to divest its stake in a Canadian subsidiary over national security concerns while broader arguments play out in court. After hearing arguments Wednesday from China Mobile International Canada and government counsel, Federal Court Chief Justice Paul Crampton said he aimed to issue a decision on the stay application “sooner rather than later.” The Investment Canada Act and the National Security Review of Investments Regulations allow the federal government to scrutinize an investment in...
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Tags: Business | Canada | China | China Mobile | Chinese | court | divestment | enterprise | government | infrastructure | international | investment | judge | mobile | national security | Ottawa | Security | subsidiary | telecom | telecommunications

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