OECD Investment Policy Reviews: Lao PDR

image of OECD Investment Policy Reviews: Lao PDR

This first OECD Investment Policy Review of Lao PDR uses the OECD Policy Framework for Investment to assess the investment climate in Lao PDR and discusses the challenges and opportunities faced by the Government of Lao PDR in its reform efforts. It includes chapters on trends in foreign investment and trade, the legal framework for investment, regulatory restrictions on foreign investment, corporate governance, investment promotion and facilitation, promoting and enabling responsible business conduct, infrastructure connectivity and the investment framework for green growth.



The legal framework for investment in Lao PDR

This chapter provides an overview of Lao PDR's legal framework for investment. It examines the law-making process as well as the quality of the country’s investment policies and the level of legal protection granted to both domestic and international investors. Particular attention is given to the Law on Investment Promotion and recommendations and its recent amendment. The chapter also looks into the rules for expropriation, the framework for protecting intellectual property rights and the legal regime for land property rights. The adjudication of commercial and investment disputes, including through arbitration, and Lao PDR’s investment treaty practice, including its relation to ASEAN practice, are also addressed.


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