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For the purpose of this questionnaire, and in accordance with the International Monetary Fund’s definition (https://www.imf.org/external/np/sta/di/glossary.pdf), a foreign firm is a foreign-owned domestically incorporated enterprise (e.g. subsidiaries) in which a foreign investor owns 10 percent or more of the ordinary shares or voting power.)×
Material Adverse Government Action means any act or omission by the procuring authority or other relevant authority, which occurs during the term of the PPP Contract and which has a material adverse effect on (i) the ability of the PPPCo to comply with any of its material obligations under this PPP Contract and/or (ii) the cost or the profits arising from such performance.)×
A financial model is an analytical tool that allows the user to assess the financial robustness of the project by representing its expected financial performance, including cash flows, returns, etc. Not to be confused with a financial proposal.)×
To conduct the analysis on Timor-Leste, Benchmarking Public Procurement team referred to Decree-Law No. 10/2005, Decree Law 1/2010, Decree Law No. 12/2005, and Decree Law No. 03/2010, Decree Law 15/2011 of March 29, and Decree Law 38/2011.
To conduct the analysis on Timor-Leste, for the Public-Private Partnerships Procurement topic, the team referred to Decree-Law No. 42/2012, dated January 15, 2014 on "Regulating the Legal Regime on Public-Private Partnerships, Decree-Law No. 8/2014 of March 14, 2014 on "Regulation the Legal Regime of Public Private Partnerships", the Public Contracts Legal Regime - Decree-Law No. 11/2005 of November 8, 2005, the Procurement Legal Regime - Decree-Law No. 10/2005 of November 8, 2005, Decree-Law No. 14/2006 of September 22, 2006, Decree-Law No. 24/2008 of July 23, 2008, Decree-Law No. 1/2010 of February 18, 2010, Decree-Law No. 15/2011 of August 17, 2011, Decree-Law No. 15/2011 of March 3, 2011, Law No. 2/2014, and the Legal Regime on Procurement.×