• 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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Optimism is returning to Trinidad and Tobago after years of recession. With the IMF forecasting GDP expansion of 1% in 2018 and 0.9% in 2019, the government now has the opportunity to shift their focus from tackling short-term economic problems to implementing long-term reforms and policy initiatives.

 

The decision of the Supreme Court – Papua New Guinea Forest Authority vs Minister for Forests PGSC 24 of September 17, 2017 – regarding the question of the taxation powers of the National Parliament represents a significant legal development.

 

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 Laws) regulate the legislative powers of the national,...

Chapter | Legal Framework from The Report: Papua New Guinea 2018

This chapter examines Papua New Guinea’s legal framework, offering insight into the legislative powers of the government, laws that affect foreign companies, newly enacted securities legislation and other areas of interest to investors. It also contains a viewpoint from Peter Lowing, Partner, Leahy Lewin Lowing Sullivan Lawyers.

Although Papua New Guinea’s macroeconomic slowdown, challenging business climate and falling global commodity prices have weighed on trade and investment in recent years, the country continues to offer high-potential opportunities to investors.

 

In accordance with its constitution, Argentina is a federal, democratic republic operating with a three-branch government, namely the executive branch, the legislative branch and the judicial branch. The president of Argentina is both the head of state and the head of the government who exercises executive power. Legislative power is vested in...