• Legal Framework

    In-depth coverage of the local legal framework for business is an integral part of OBG’s analysis. Working in partnership with a leading local law firm, we review foreign investment laws, ownership restrictions, requirements for local partners and labour laws, among other topics.
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What is your outlook on the ongoing move for constitutional change, and how will this affect the investment atmosphere of the country?

The subject of foreign corporations doing business in the Philippines is perhaps better understood in the context of their involvement in the flow of capital, goods and services into the country. In this context, a business is a vehicle through which such a flow is carried out by the foreign corporation concerned.

Although economic headwinds have thrown international markets off course, the Philippine economy has managed to stay on a relatively even keel. Local authorities note that while GDP growth slowed in 2011 relative to 2010 due to weak external demand and government underspending, household 

Chapter | Legal Framework from The Report: The Philippines 2012

In partnership with SyCip Salazar Hernandez & Gatmaitan, OBG takes a look at the Philippines’ legal system. Key points include the different ways of doing business for foreign entities, including their liability to suit and tax obligations. The section includes an interview with Rafael Morales, Managing Partner, SyCip Salazar Hernandez & Gatmaitan.

Over the past three years Kuwait has promulgated a number of laws concerning public-private partnerships (PPPs). Although relatively new to the PPP regime, Kuwait has, at least for now, embraced the concept, as evidenced by the diverse pipeline of projects that have either already commenced or are actively being considered.

Groups of companies, rather than single entities, have traditionally emerged in the Gulf, which means that stakeholders can partition assets and segregate riskier ventures, thereby shielding the group as a whole from liabilities. Particularly when companies are dispersed across GCC jurisdictions, the group structure allows owners greater flexibility...

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