Laos Amends its Investment Law; Shortens Concession PeriodThe draft amendment to the Investment Promotion Law ("Law"), which was passed by the Lao National Assembly ("NA") on 21 November 2016, shortens the investment concession period from 99 years to 50 years to ensure closer scrutiny of investors' operations. It must be noted, however, that the 50-year period is not cast in stone, as an investment project concession may be extended beyond 50 years if the Government deems it necessary under the circumstances.
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