It seems an important provision was dropped from the Law on Foreign Ownership, but might become law anyway. Earlier drafts had restricted the total share of foreign ownership in a building to less than 50%, but this rule was dropped in the version approved by the National Assembly last week.

According to the Post, government officials are considering reintroducing the restriction through a sub-decree. A 50% rule would add an extra layer of complexity to transfer of ownership and may also cause price distortions.

The debate continues…

More at Khmerization.

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