Questions fro Dentons Law Firm, Beijing on PPP in the Philippines
This columnist had the privileged of speaking about the Future of public-private partnerships (PPPs) in the Philippines before lawyers and clients of Dentons in Beijing on September 22. Dentons, a global law firm that has around 600 lawyers in its Beijing office, recently bagged the International Firm of the Year at the Lawyer Awards 2017.
Aware of the opportunities in the Philippines and the favorable PPP climate in the country, China state-owned and private corporations, and law firms, such as Dentons, would want to explore these. But like in any other investment venture, knowing the legal environment is a must. The seminar on PPP had this in mind.
Here are the questions the participants raised, and these could very well be the same ones foreign, even local, investors may ask:
Are there opportunities? Of course, there are. Under the “Build Build Build” program of the current administration, PPPs may be pursued for hard and soft projects —expressways, bridges, airports, reclamation, rail and water supply; and health care, socialized housing and rehabilitation centers. These projects may even be combined into one contract under the bundling approach.