Welcoming the Lithuanian Business Delegation

Atty. Benedicta "Dick" Du-Baladad, the Founding Partner and CEO of Du-Baladad and Associates (BDB Law), delivered a briefing on the business and legal landscape of doing business in the Philippines to the Lithuanian business delegation headed by the Republic of Lithuania's Minister of Foreign Affairs, H.E. Gabrielius Landsbergis. The event was hosted by the Management Association of the Philippines (MAP). 

In her briefing, Atty. Dick extensively presented the reforms that have been and are currently being done to improve the investment climate in the country. These include the economic liberalization laws, foreign ownership participation, corporate and regulatory reforms, taxation and economic policy reforms. She explained company structures, minimum capital requirements, government agency registration processes, and practical methods for starting a business in the Philippines.

As the Lithuanian delegation were mostly in renewable energy, oil and gas, electronics manufacturing, and information technology, Atty. Dick also explained the vast opportunities in these sectors for collaboration, partnerships, and joint ventures both with the private business sector and the government, tax incentive applicable, including particular regulations and registrations for these sectors. She discussed the fair, attractive and improved features of the expanded Public-Private Partnership Code and its collaborative role in undertaking business with the government to pursue national development projects.

In photo are: Ms. Asta Zaveckiene, Head of Export and Investment Promotion Division, Atty. Bendicta Du-Baladad, Founding Partner and CEO of BDB Law, His Excellency Gabrielius Landsbergis, Minister of Foreign Affairs (Republic of Lithuania), Sec. Rene D. Almendras, MAP President, Mr. Junie Del Mundo, Chair, MAP International Relations Committee, Secretary Alfredo Pascual, Philippine Secretary of Trade and Industry, Usec. Alma Jimenez, Co-Chair, MAP International Relations Committee.