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Philippines: Issuance of implementing rules and regulations of the Public-Private Partnership Code

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On 5 December 2023, the Public-Private Partnership (PPP) Code of the Philippines (“PPP Code“) was enacted into law.

The PPP Code was enacted to further the State’s policy to provide an enabling environment for the private sector to mobilize its resources to finance, design, construct, operate, and maintain infrastructure or development projects and services. The PPP Code provides for, among others, (i) a unified framework for both national and local PPP projects, (ii) stricter timelines for the evaluation and approval of PPP projects, and (iii) updated thresholds and requirements for approval of national and local PPP projects.

On 21 March 2024, the Implementing Rules and Regulations of the Public-Private Partnership (PPP) Code of the Philippines (“PPP Code IRR“) were approved. The PPP Code IRR will take effect on 6 April 2024.

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Ramon Miguel Bacani is a partner in Quisumbing Torres’ Corporate & Commercial/M&A Practice Group. He is also a member of the Firm's Energy, Mining & Infrastructure Industry Group and the Real Estate Focus Group. He has nine years of experience advising foreign and domestic clients in mergers and acquisitions, joint ventures, corporate restructuring, foreign investments, government procurement, infrastructure, energy, mining and natural resources, real estate, and general corporate law matters.

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Karl Raymond Cruz is an associate in Quisumbing Torres’ Corporate & Commercial / M&A Practice Group. Prior to joining QT, he was with Office of the Solicitor General as an associate solicitor, and in one of the top-tier law firms in the Philippines as an associate. Karl obtained his Juris Doctor degree from University of the Philippines in 2016 and was admitted to the bar in 2017. He finished his Master of Laws degree at Columbia Law School in 2022.

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