Canada Posed To Scrap Impediment to U.S. Investment
On the week that peHUB launched in November 2007, venture capitalist Charley Lax wrote the following: Meaningless paperwork is destroying Canada’s venture capital industry, and if our northern neighbor ever wants significant US venture capital to flow north, they’ll listen when I tell them to eliminate Section 116 certificates immediately. Well, nothing happened "immediately," but Canada last week signaled that Section 116 is headed to the scrapheap. What follows is are some questions about Section 116 for Stephen Hurwitz, an attorney who focuses on cross-border transactions between the U.S. and Canada:
8 March 2010•3 mins read
