The Public-Private Partnership Act Key Provisions (Philippines)

On December 5, 2023, the President of the Philippines signed into law Republic Act No. 11966, known as the Public-Private Partnership Act (“PPP Code”) to attract foreign investments and key infrastructure and other development projects in the Philippines. The PPP Code took effect on December 23, 2023. The PPP Governing Board (“Board”) is currently drafting the Implementing Rules and Regulations (“IRR”), while conducting public consultations with other government and private stakeholders. The PPP Code requires the Board to promulgate the IRR by or before March 22, 2024. Pending the issuance and effectivity of the IRR, the Board on December 21, 2023 issued interim guidelines, which apply to PPP projects whose processing has commenced...To read the full article, please see the PDF file

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Authors

Michelle Marie F. VILLARICA

Partner
Singapore

+65-6922-5496

Michelle’s practice covers advising on various M&A and joint venture transactions across a large range of industries including IT, manufacturing, finance, real estate, retail trade, and energy. She also regularly advises clients on other corporate and commercial matters such as licensing, doing business, labour, data privacy and protection, and regulatory compliance. Prior to joining N&A, Michelle was a lawyer with one of the top law firms in the Philippines. Through her experience, she gives clients invaluable insights into Philippine culture and enhances their understanding of the legal and commercial practices in the country, making clients better equipped to do business in the Philippines.

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