Commercial and business organisations law in Papua New Guinea

Abstract

Business and commerce form the twin engine that propels the economy of a modern nation. They ensure steady economic growth and development. In an age of globalisation, they assume even greater importance than at any time in human history. A nation risks being marginalised or left behind in the race for a share of the world economic market unless it ensures the stability of its business and commercial sector. Trade regulation, good governance and democratic institutions go hand in hand in guaranteeing political and social equilibrium. Thus, laws designed to facilitate trade and commerce are a vital component of the political and social equation. In a developing economy such as that of Papua New Guinea, the place of commercial and business law cannot be underrated. This text, Commercial and Business Organisations Law in Papua New Guinea, is therefore a timely and apposite treatise in Papua New Guinea's economic environment, given the nation's vast and mostly untapped natural resources and therefore its potential for participation in the global market. The book covers business organisations law and various aspects of commercial law in Papua New Guinea. This is a valuable book for law students, legal practitioners, accountants and business executives, not only within Papua New Guinea but also in Australia and throughout the South Pacific