Legal Framework

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What are the major challenges faced by multinational corporations entering the Philippine market?

Chapter | Legal Framework from The Report: Philippines 2018

This chapter examines the legal system of the Philippines, focusing on foreign investment limits governed by negative lists, tax reforms to support better collection of public revenue, data privacy, competition commission rules on recent mergers and other key areas. It also contains a viewpoint from Augusto A San Pedro Jr, Co-managing Partner, V&A Law.

Rapid macroeconomic growth has worked to strengthen trade and investment in the Philippines. Build, Build, Build – the government’s infrastructure development agenda – is supporting soaring imports, while the fast-growing manufacturing export base remains an economic mainstay.

 

The United Republic of Tanzania comprises two separate, semi-autonomous regions: mainland Tanzania (formerly Tanganyika) and Zanzibar, an archipelago of islands with its own executive, legislative and judicial branches. Certain areas of law are union matters, meaning the same law applies to both lands, while for non-union matters – such as...

 

The investment environment enjoys a multitude of strengths such as the presence of the Tanzania Investment Centre (TIC), Zanzibar Investment Promotion Authority (ZIPA) and Export Processing Zones Authority (EPZA) promote, coordinate and facilitate foreign investments, and provide investment incentives. Tanzania is also signatory to...

 

With the introduction of new local content regimes, Tanzania has seen a recent overhaul in its natural resources industry. While not a new concept, the regulations extend beyond mineral licence holders and internal oil companies by imposing local content requirements on the complete supply chain. This means that all mining and most petroleum...

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