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Editorial

Overview

The economic growth and foreign investment enjoyed by the Philippines, one of Asia’s fastest-growing economies, continued into 2015. The infrastructure sector has seen significant investment, with major national expressways and light rail transit systems now underway – though activity in projects and real estate slowed ahead of the 2016 presidential election. Domestic banks were remarkably liquid, reducing the need for foreign banks to finance large projects; borrowers have been less dependent on capital markets for funding.

Several sectors were notably active: although Romulo Mabanta Buenaventura Sayoc & De Los Angeles is still the premier tax firm, numerous other tax practices were busy throughout the year, with clients looking to navigate the country’s 30% corporate income tax rate and relatively aggressive attitude towards tax collection; the resources market, including but not limited to renewable energy, has also been busy; and there has been no shortage of BPO activity in the Philippines.

The larger domestic firms – most notably Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW), Romulo Mabanta Buenaventura Sayoc & De Los Angeles and SyCip Salazar Hernandez & Gatmaitan – continue to provide strong service across various practice areas.

Although foreign firms are not allowed to establish themselves in the Philippines, some have associated or member firms based in Manila offices; for example Quisumbing Torres is Baker & McKenzie’s correspondent firm in the Philippines.

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Legal Developments in Philippines

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Global Banking & Financial Policy Review 2015/2016

    International Financial Law Review (IFLR) in association with Euromoney Yearbooks recently published the Global Banking & Financial Policy Review 2015/2016. The Philippine section was contributed by SyCipLaw Managing Partner  Rafael A. Morales . The section is an Overview of Legal and Regulatory Developments in the Philippines such as the Liberalization of Financial Sector, Islamic Banking and Finance, Financial Consumer Protection, and Prospects.
  • Women, Business and the Law 2016 Report

    SyCipLaw Partner  Leslie C. Dy  participated in the World Bank Group’s  Women, Business and the Law 2016: Getting to Equal . The 2016 edition, the fourth in the series, continues to cover and collect data about legal restrictions on women’s entrepreneurship and employment. The series aims to inform policy discussions and promote research on linkages between the law and women’s economic opportunities.
  • The Mergers & Acquisitions Review 9th Edition – Philippines

    The Philippines section of  The Mergers & Acquisitions Review 9th Edition  contains an overview of M&A activity in the country, general introduction to the legal framework for M&A, developments in corporate and takeover law and their impact, foreign involvement in M&A transactions, significant transactions, key trends and hot industries, financing of M&A, main sources and developments, employment law, tax law, competition law, and outlook. The section was contributed by SyCipLaw Managing Partner  Rafael A. Morales  with partners  Philbert E. Varona  and  Hiyasmin H. Lapitan, and associate Patricia A. Madarang .
  • The International Comparative Legal Guide to: Copyright 2016

    The Philippine section of  The International Comparative Legal Guide to: Copyright 2016  was contributed by SyCipLaw partners  Enrique T. Manuel  and  Vida M. Panganiban-Alindogan . Mr. Manuel heads the firm’s Intellectual Property department. The chapter includes information on copyright subsistence, ownership, exploitation, owners’ rights, copyright enforcement, criminal offenses, and current developments.
  • Getting the Deal Through: Aviation Finance & Leasing 2015

    The Philippine section of  Getting the Deal Through: Aviation Finance & Leasing 2015  was contributed by SyCipLaw senior associate  Bhong Paulo A. Macasaet  with associates  Aldous Benjamin C. Camiso ,  Diana S. Gervacio , and  Maricar G. Ramos . The section talks about the laws and regulation of Aviation Finance and Leasing in the Philippines, Title Transfer, Registration of Aircraft Ownership and Lease Interests, Security, Enforcement Measures, Taxes and Payment Restrictions, Insurance and Reinsurance, and Update and Trends.
  • IFLR: “Philippines: Competition law enacted”

    The September 2015 issue of the International Financial Law Review (IFLR) included an international briefing article by SyCipLaw partner Arlene M. Maneja entitled “Competition law enacted.”
  • ALB: “Right-of-Way Issues Delay Vital Infrastructure Projects”

    The October 2015 edition of the Asian Legal Business (ALB) Asia Edition includes a regional update article entitled “Right-of-Way Issues Delay Vital Infrastructure Projects” by SyCipLaw partner  Vicente D. Gerochi IV  and associate  Arvin Kristopher A. Razon . The article is found on page 17.
  • Getting the Deal Through: Islamic Finance & Markets 2016

    The Philippine chapter of  Getting the Deal Through: Islamic Finance & Markets 2016  was contributed by SyCipLaw Managing Partner  Rafael A. Morales  with  Amer Hussein N. Mambuay . The chapter includes information on policies, legislation and supervision covering Islamic finance in the Philippines, contracting concepts, products, and updates and trends.
  • The International Comparative Legal Guide to: Patents 2016

    The Philippine section of  The International Comparative Legal Guide to: Patents 2016  was contributed by SyCipLaw partners  Enrique T. Manuel  and  Vida M. Panganiban-Alindogan . The chapter includes patent enforcement, patent amendment, licensing, patent term extension, patent prosecution and opposition, border control measures, antitrust law and inequitable conduct and current developments in relation to patents.
  • Getting the Deal Through: Aviation Finance & Leasing 2015

    The Philippine section of  Getting the Deal Through: Aviation Finance & Leasing 2015  was contributed by SyCipLaw senior associate  Bhong Paulo A. Macasaet  with associates  Aldous Benjamin C. Camiso ,  Diana S. Gervacio , and  Maricar G. Ramos . The section talks about the laws and regulation of Aviation Finance and Leasing in the Philippines, Title Transfer, Registration of Aircraft Ownership and Lease Interests, Security, Enforcement Measures, Taxes and Payment Restrictions, Insurance and Reinsurance, and Update and Trends.

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