11-20 of 36 results
Toksave - PNG regulatory update: emergency Parliament sitting; K5.6 billion stimulus package passed; two-month extension of state of emergency; and other developments
PNG Parliament convened urgent session and passed K5.6 billion stimulus package; 14-day state of emergency extended by another two months, to June 2020; new emergency laws enacted; Bank of PNG announced new monetary and fiscal measures; IRC granted tax exemptions; IPA waived certain company statutory obligations; superannuation funds announced proposed amendments to superannuation law; PNG Government refused extension of Barrick special mining lease; and proposed plan for freight subsidies for air and sea transport. ...
PNG's response to COVID-19
The World Health Organization declared the coronavirus disease 2019, or 'COVID-19', a global pandemic on 11 March 2020. As of 16 April 2020, most countries around the world have reported cases of ...
Toksave – PNG regulatory update: Covid-19 and state of emergency in PNG; Income Tax Act rewrite; Kumul submarine cable network and other developments
First case of Covid-19 and state of emergency announced in PNG; significant proposed changes to Income Tax Act; Phase 2 of Kumul submarine cable network project initiated; and new tariffs and service standards for ports. ...
Toksave - PNG regulatory update: P'nyang Gas Agreement; Whistleblower Bill; Air Niugini/Philippine Airlines codeshare and other developments
No P'nyang Gas Agreement with ExxonMobil; first of its kind Whistleblower Bill moves ahead; codeshare denied for Air Niugini/Philippine Airlines; and the Proposed Organic Law on the Independent Commission Against Corruption 2019 (ICAC Bill). ...
PNG proposes a new regime for arbitration
Papua New Guinea has proposed a new regime for domestic and international arbitrations: the Arbitration Bill 2019. If enacted, it has the potential to provide greater certainty for arbitrations in PNG, and the recognition and enforcement of arbitral awards within PNG. ...
PNG draft Arbitration Bill 2019 – what is proposed?
Following Papua New Guinea's accession to the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards (read our Insight on PNG's accession to the New York Convention ...
The proposed PNG strata title scheme – what will change?
In a development that is especially relevant to property developers and financial institutions, draft legislation to introduce a Papua New Guinea strata title scheme has been released. ...
PNG accedes to the New York Convention – what will change?
Papua New Guinea (PNG) recently acceded to the UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which is likely to increase its attractiveness to foreign investors. ...
Leadership change in Papua New Guinea
This insight examins James Marape's ascension to the Prime Ministership of Papua New Guinea, his new-look cabinet and some of the more recent ministerial comments regarding both region-specific projects and the resources industry more generally. ...
Foreign investment in PNG - proposed changes
The Papua New Guinea Government has revised proposed changes to PNGs foreign investment laws after concerns were raised about the potential economic effect of the initial reform package The proposed amendments if enacted could still have far reaching consequences for PNGs foreign investment ...