Legal Framework
From The Report: The Philippines 2017
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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.

Articles from this Chapter

Overview

Rules of supply: The Procurement Act has been updated
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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 its roots, plugging the holes and gaps in the obsolete and fraud-prone public procurement,” said Angara. “The proposed reforms are aimed at…

Interview

Confidence through reform: Sylvette Tankiang, Senior Partner, V&A Law, on improving the business climate in the Philippines
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Interview: Sylvette Tankiang In what ways can legislative reform improve the business climate in the Philippines, stimulate competition and encourage foreign investment? SYLVETTE TANKIANG: The Philippines can improve its business climate by promulgating laws that liberalise foreign entry into businesses and by rationalising its tax system. Barriers imposed on foreign land ownership and participation in public utilities and telecoms businesses – as well as in activities such as the exploration,…