Legal Framework for Developing and Financing Projects Taking Shape

New Decree on Selection of Investors subject PPP projects to competitive selection of investors;

1. New BOT Power Projects Circular sets forth cases where direct appointment of investor is permitted;

2. New Legal Opinions Decree narrows the documents eligible for the Ministry of Justice legal opinions in PPP projects and government guaranteed loan;

3. New Constructions Contracts Circular expands the types projects the construction of which is subject to its governance;

4. New Bank Guarantee Circular provides conditions for a bank to issue a guarantee for a residential project developer’s obligations to future house buyers.

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