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Technology investor briefs senators on potential foreign investment deal-breakers in legal system - BusinessWorld Online

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AN Israeli tech investor said a country’s legal system is a major consideration in attracting foreign investment, and urged legislators to reform the tax system and investment regulations.

Or Haviv, an Arieli Capital partner and the firm’s head of Global Innovation, said at a forum organized by the Israeli embassy that “the devil is in the details” when it comes to evaluating the legal system of a target company’s home country.

Mr. Haviv and representatives from the Israeli embassy met with Senators on Monday in connection with the opening of an exhibit showcasing Israel’s innovation projects in the Philippines. Arieli Capital invests in emerging technology, deploying capital provided by high-net-worth individuals, family funds, private banks, andHe said the Philippines as an investment destination has a number of things going for it, including fluency in English, its potential as a gateway to other Asian markets, and a desire within the country’s leadership to improve its technological capacity.

Mr. Haviv described the concentration of call centers in the Philippines as emblematic of its “low-tech” niche, which he said can be leveraged when it upgrades its technology.

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