• 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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GOVERNMENTS & THEIR POWERS: There are three levels of government in Papua New Guinea: the national, provincial and local-level governments. The Constitution and the Organic Law on Provincial Government and Local-Level Government (Organic Law) regulate the legislative powers of the national,...

 

The last two years have seen the Parliament enact a variety of new legislative acts, much of which is of a high standard. New acts include the Kumul Legislation, which is designed to positively effect the current government’s agenda for state-owned enterprises and businesses, along with the holding of the state’s interest in mining projects...

Chapter | Legal Framework from The Report: Papua New Guinea 2017

This chapter examines the laws that affect operations of foreign companies as well as regulative acts that protect land and resources. New securities legislation – yet to be implemented – is also explained.

This chapter contains a viewpoint from Michael Sullivan, Partner, Leahy Lewin Lowing Sullivan.

After a number of challenging years, PNG is starting to hit its equilibrium point again. It has largely passed through the period of difficult adjustments, and now some balance has returned. A number of long-planned projects are progressing and new areas of opportunity are being explored.

 

My family has lived in Thailand since May 1949 and I have been practicing law here since 1967 – that’s 50 years now. Thus, I see Thailand from the perspective of a long-term foreign permanent resident. Let’s take the military coup of May 2014; it’s the 13th coup I have witnessed. It and its predecessors all have much in common: all were...

 

The Thai government has long believed in an open, laissez faire economy. Foreign investment is welcome, and various types of incentives – either tax incentives or non-tax incentives – are granted to attract foreign investment through government agencies, such as the Board of Investment (BOI) and the Industrial Estate Authority of...