President Marcos has approved the review of the implementing rules and regulations of the Build-Operate-Transfer Law, the National Economic and Development Authority said.
He said Malacañang is aware of its urgency as the Marcos administration really wants to get the private sector to think about investments. Among the provisions critical during the review will be the contingent liability or Material Adverse Government Action clauses, sharing of risk and the arbitration issue.
“We need to look at the issues, and see what can be—we have to strike a balance between the need to get the investors and at the same time aware of the risks that government faces,” he said.
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