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Vanuatu’s revised investment laws

The new foreign investment law is expected to come into force soon in Vanuatu as the draft Bill has been finalised and is ready to be tabled

PNG watchdog gets more teeth!

PNG’s competition and consumer watchdog, the Independent Consumer Competition and Commission (“ICCC”), will now be able to better regulate a

Credit Reporting in Fiji

The Reserve Bank of Fiji (“RBF”) recently granted approval to Credit Information Reporting Agency Limited (“CIRA”), a credit reporting agency, to ​operate in Fiji. A locally established company, CIRA is the first agency to be licensed under the Fair Reporting of Credit Act 2016 (the “Act”) and its accompanying Fair Reporting of Credit Regulations 2016 (“Regulations”). This comes after almost two years of the closure of Data Bureau Limited which had operated as a credit bureau in Fiji since 2004, albeit in an unregulated market. The Act and Regulations seek to provide a framework for credit reporting which benefits both borrowers and lenders; and sets out the licensing requirements, rights, d

Is co-investment Pacific’s answer to large project funding requirements?

Introduction The Pacific region offers compelling opportunities for investment, whether it be the privatisation of a national bank, or the creation of a large resort or an integrated property development. For single investors, however, such large-scale investments may result in liquidity or diversification exposure, which may make a single investor unwilling or unable to take up the investment. Co-investment may be an effective way to take advantage of such opportunities whilst also addressing the issues of scale in the Pacific. As a result, co-investment is fast becoming a buzzword especially in the Pacific where the sheer size and exposure to large assets have commonly held back investment

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