Interlocking Directorships: Canada's Antitrust Stance

Law360, New York (June 6, 2008, 12:00 AM EDT) -- The Canadian Competition Bureau ("Bureau") is currently examining its policies regarding merger reviews that involve minority shareholdings and interlocking directorships. Although this review is not complete, the Bureau recently set out some of its developing views in a report prepared for the OECD.

Preliminary Observations

A few preliminary observations are in order.

First, there is no analogous provision in Canada's Competition Act to section 8 of the U.S. Clayton Act, which prohibits a person from serving as a director, or a board-appointed officer, of two or...
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