• 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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Positioned between west and east Asia, Sri Lanka sits on a major maritime route between Europe and the Far East and its natural resources have made it a trading centre for millennia.

Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.



On October 24, 2002 Senator Edgardo Angara delivered a speech before the Philippine Senate pushing for change in the country’s public procurement system. With the Philippines ranked the 11th most corrupt nation in the world at the time, Angara proposed the passing of Senate Bill No. 2248. “Fighting official corruption should mean snuffing out...


In what ways can legislative reform improve the business climate in the Philippines, stimulate competition and encourage foreign investment?

Chapter | Legal Framework from The Report: The Philippines 2017

This chapter examines the Philippines’ legal system, focusing on rules and regulations revised in 2016, new directives that affect investors, procurement and other key areas.

It also features an interview with Sylvette Tankiang, Senior Partner, V&A Law.

Despite gloomy global trade forecasts, the Philippines’ strong macroeconomic fundamentals, competitive geographical and labour force advantages, and rising domestic consumption bode well for future trade and investment.