• 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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A country of extraordinary diversity, spread across some of the world’s most spectacular, and often inhospitable, terrain, Papua New Guinea today is a country once again at a crossroads. A major economic boom driven by a massive liquefied natural gas project has been swiftly followed by a sharp slowdown as global oil prices fell, and as a result the government has come under some pressure. Meanwhile this young country, a land shaped by its many ancient traditions, still faces great challenges in spreading more equitable development.

 

Benny Allan, the minister of Lands and Physical Planning, has proposed a number of amendments to the Land Act. The key points include administrative reform, including restructuring of the Land Board, the abolition of special agriculture business leases, the foreign ownership restrictions on state leases and land administration matters. The...

 

The new personal property security registry (PPS Registry) went live on May 9, 2016.

 

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 law-making powers of the national,...

Chapter | Legal Framework from The Report: Papua New Guinea 2016

This chapter examines Papua New Guinea’s legal framework, focusing on regulations affecting foreign investors, restrictions and laws for companies, taxation and Customs duties, and other important areas.

It also contains a legal viewpoint from John Leahy, Partner, Leahy Lewin Lowing Sullivan, on proposed reforms to PNG’s land use regulations.

 

Joint ventures (JVs) are a common corporate structure chosen by contractors in Qatar. Two companies interested in pursuing a project together often form a JV to increase their chances of being awarded the contract and to share the cost and risk of performing it. The JV structure provides companies with the opportunity to bid for projects they...