MANILA, Philippines - Joint ventures (JVs) are increasingly becoming popular as a faster and easier approach towards implementing infrastructure, development and social service-related projects at the national and local government levels.
To accelerate more economic growth through Public-Private Partnerships, the National Economic and Development Authority (NEDA) released the 2013 revised JV guidelines applicable for government-owned and -controlled corporations, government instrumentalities, government financial institutions, and state universities and colleges. For local government units (LGUs), they are governed by their own JV ordinances. The authority of LGUs to enter into JVs and provide their own guidelines has been affirmed by the Department of Interior and Local Government and the Department of Justice.
The Center for Global Best Practices, in collaboration with Forensic Solutions, would walk you through the NEDA guidelines that took effect on May 26, 2013 and JV ordinances in a pioneering seminar entitled, “Business And Public Officials’ Guide on How to Joint Venture Legally with LGUs and GOCCs” on Thursday, Nov. 27, 2014 at the 2/F Laguna Garden Café, Ayala Center, Cebu City.
For details and all other best practices seminars including Cebu MCLE for Lawyers (Nov. 28-Dec. 2) Best Practices and Remedies to Avoid COA Disallowances (Baguio & Legaspi City in Jan. 2015), you may check www.cgbp.org or call Manila lines at (02) 842-7148/ 59; 556-8968/ 69; Cebu lines at (032) 512-3106 to 07 and Baguio at (074) 423-5148.
This one-day special seminar will deal on the definition of a JV, requirements, cash and non-cash contributions of parties, procedures for selecting partners, bundling or unbundling of project components, and trends, opportunities and challenges. Examples of existing and prospective JV projects such as water, reclamation, public markets, bus terminals, land development, government centers, power, transport, and more. Participants will get soft copy compilation of templates of actual and proposed JV ordinances.