- Asia
The Public-Private Partnership Act Implementing Rules and Regulations
On March 22, 2024, the PPP Center published the Implementing Rules and Regulations (“IRRs”) of Republic Act No. 11966, or the “Public-Private Partnership Code of the Philippines” (“PPP Code”), following the PPP Code’s effectivity on December 23, 2023. The IRRs formally took effect on April 6, 2024. While the IRRs provide more details for the enforcement of the provisions of the PPP Code, the following are among the key introductions of the IRRs: 1.Detailed coverage Under the PPP Code, a “PPP project” is defined as “any public infrastructure or development project and service implemented under this Code. ”The IRRs clarified this definition by stating that a PPP project must satisfy the elements of a PPP. The IRRs define a PPP...To read the full article, please see the PDF file
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Tara has extensive experience advising domestic and foreign companies on a variety of matters, including structuring of foreign investments, corporate structuring, corporate governance, compliance and regulatory issues, employee relations, and taxation. Tara’s practice focuses on corporate transactions in various sectors, including telecommunications, mining, oil and gas, real estate, and gaming and entertainment. She has served as the lead client contact and has executed ground-breaking transactions in mergers and acquisitions, initial public offerings, equity and debt issuances, project financing, and public bidding.