What are the conditions for corporations to participate in the utilization of natural resources?
Corporations must be at least 60% Filipino-owned to enter into natural resource agreements with the State for 25 years.
Joint Ventures in the Philippines
We can’t do everything by ourselves. Sometimes, we need a little help. Oftentimes, we need a joint venture. The Philippine Supreme Court has described a joint venture as an association of persons or companies jointly undertaking some commercial enterprise; generally, all contribute assets and share risks which requires a community of interest in
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