Comments on: Section 116 Dies, Canada Celebrates…Sort of http://wattf.com/wp/2010/03/08/section-116-dies-canada-celebratessort-of/ {It's Safer to be Risky} Sat, 05 Feb 2011 23:11:32 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jim Murphy http://wattf.com/wp/2010/03/08/section-116-dies-canada-celebratessort-of/comment-page-1/#comment-1146 Jim Murphy Sat, 08 May 2010 12:24:15 +0000 http://wattf.com/wp/2010/03/08/section-116-dies-canada-celebratessort-of/#comment-1146 The lawyer's I've spoken to recently have told me repeatedly that section 116 was never a definitive reason to do or not do a deal in Canada, but that it was emblematic of the climate for government vs. true free enterprise(especially disruptive ones) that is the real issue. This sounds even more depressing than I originally thought but it is indeed one step int he right direction. At this point I'll take it. :-) The lawyer’s I’ve spoken to recently have told me repeatedly that section 116 was never a definitive reason to do or not do a deal in Canada, but that it was emblematic of the climate for government vs. true free enterprise(especially disruptive ones) that is the real issue.

This sounds even more depressing than I originally thought but it is indeed one step int he right direction. At this point I’ll take it. :-)

]]> By: Vancouver Jay http://wattf.com/wp/2010/03/08/section-116-dies-canada-celebratessort-of/comment-page-1/#comment-1123 Vancouver Jay Thu, 11 Mar 2010 07:35:42 +0000 http://wattf.com/wp/2010/03/08/section-116-dies-canada-celebratessort-of/#comment-1123 Looks as though our government has seen the light at last. Although it's quite sad, that it took them so long to realize this rule is pretty ineffective and remove it. I hope foreign investors won't be avoiding our market any longer. I've also read an interview with Stephen Horwitz, where he discussed these good news, I hope he was right to presume that foreign VCs will take a second look. Looks as though our government has seen the light at last. Although it’s quite sad, that it took them so long to realize this rule is pretty ineffective and remove it. I hope foreign investors won’t be avoiding our market any longer.

I’ve also read an interview with Stephen Horwitz, where he discussed these good news, I hope he was right to presume that foreign VCs will take a second look.

]]>