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Ramon Miguel E. Bacani

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.

Excerpt: 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 15 November 2022, the Department of Energy issued Department Circular No. 2022-11-0034 to amend Section 19 of the Rules and Regulations Implementing Republic Act No. 9513, otherwise known as the Renewable Energy Act of 2008. The amendments remove Filipino ownership requirements previously imposed on the exploration, development and utilization of solar, wind, hydro and ocean or tidal energy resources, to allow full foreign ownership.