"The book discusses in-depth the special features of the partnership arrangement as a business vehicle superior in the field in which it is meant to operate-essentially small and medium sized business enterprises, where personal involvement is essential.

With the announcement by President Benigno S. Aquino, Jr.,that the “Public-Private Partnership” system or “PPP” would be the cornerstone of his administration in achieving accelerated economic development in our country, it is but fitting that the book presents the Law and Practice on Joint Ventures, that treats of joint ventures as whole system by which large infrastructural projects, usually involving international partners, can be pursued. Although there is word that the P-Noy Aquino Administration is preparing a new set of rules governing Joint Venture arrangements, included in this first edition of the book are the NEDA Rules on Joint Ventures which have been issued primarily in support of PPP schemes.

Like the other legal publications of the author, this work recognizes what has been implicit in the Philippine legal system: that our hybrid legal system adheres to both the traditions of the civil law and the common law systems; and although our system recognizes the primacy of statutory provisions, it also places practically the same value to policy considerations as they evolve in actual settlement of disputes in our society as expressed in decisions of the Supreme Court. Necessarily, the complexion of various legal principles and doctrines continue to evolve, if not to be altered or discarded, as policy considerations are made to adjust to evolving contemporary settings." --[By the Author]

Professional

Text in English