Canada orders dissolution of Bluvec Technologies Inc. and Pegaustech Inc. due to national security concerns.
Canada has ordered the dissolution of two technology companies, Bluvec Technologies Inc. and Pegaustech Inc., due to unspecified national security concerns. The order comes after a review process involving Canada's national security and intelligence community. Both companies were asked to cease operations in Canada. The government emphasized that it welcomes foreign direct investment, but will act decisively when investments pose a threat to national security.
May 24, 2024
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