The Legal 500

Philippines

Editorial

Overview

A general outlook of optimism continues to surround the Philippine economy. Business Process Outsourcing (BPO) remains an area of growth, and a lucrative source of instructions for lawyers across a number of practice areas. In addition, Public Private Partnerships (PPPs) – the cornerstone of President Aquino’s development programme – are now being pursued in earnest, and infrastructure projects are demanding the attention of foreign and local firms alike. The passage of a bill in July 2014 enabling foreign banks to operate in the market is likely to generate interest in this sector.

The legal market has remained relatively stable, with no domestic mergers and few partner moves. A handful of full-service firms continue to dominate the market: Romulo Mabanta Buenaventura Sayoc & Delos Angeles, SyCip Salazar Hernandez & Gatmaitan, Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW), Picazo Buyco Tan Fider & Santos, and Quisumbing Torres (a Baker & McKenzie correspondent firm). Regulations prevent foreign firms from establishing a physical presence in the country, but some domestic firms have strong links with international firms.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Philippines

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • How to Hire and Fire: A Global Guide 2014

    Multilaw's Labour & Employment practice group has produced a new 2014 edition of "How to Hire and Fire: A Global Guide." With content contributed by experienced employment lawyers from Multilaw member firms, the eBook provides a simple way for HR practitioners and clients to get a quick, uncomplicated overview of basic employment law information from jurisdictions around the world. The book reflects the law in each jurisdiction as of January 1, 2014. Jurisdictions covered by the 2014 edition include Argentina, Belgium, Bulgaria, Canada, China, Cyprus, Ecuador, European Union, Germany, Honduras, Hong Kong, India, Indonesia, Italy, Japan, Luxembourg, Malaysia, Netherlands, Oman, Paraguay, and Philippines, among others. The Philippine chapter was written by SyCipLaw partner  Leslie C. Dy . Visit the Multilaw website to access and download the file:  www.multilaw.com/hire-and-fire/#2-3 .
  • The Philippine Design Competitiveness Act

    The Republic Act No. 10557, " Philippine Design Competitiveness Act " was signed by President Benigno Aquino III last May 15, 2013.  Contributed by SyCip Salazar Hernandez & Gatmaitan Partner Ricardo Ma. P.G. Ongkiko . The article gives us an insight about the objectives of the Act, the role of the newly formed Design Advisory Council, the Natural Design Policy, and its goals. Learn more about the Philippine Design Competitiveness Ac t. The article is available for online viewing from the SyCipLaw website.
  • Dissension in the Court: July 2013

    The article Dissension in the Court: July 2013 was contributed by SyCip Salazar Hernandez & Gatmaitan Partner, Rafael L. Encarnacion . The article gives us an insight on the petition for  certiorari  assailing the Commission on Elections of the Philippines' resolution to cancel the Certificate of Candidacy of Regina Ongsiako Reyes for the position of Representative of the district of Marinduque.  The article from Lexoterica: A Philippine BLAWG is also available for online viewing from the SyCipLaw website .
  • Bridging the Gap: Enhanced Basic Education through K-12

    The article  Bridging the Gap: Enhanced Basic Education through K-12   contributed by  Ricardo Ma. P.G. Ongkiko  talks about the new law regarding the Philippine Basic Education System which became effective on June 4, 2013. It includes information about its objectives, its salient features and the new procedure in training and hiring teachers.
  • Valuing Unlisted Shares

    The  April 2013 issue of IFLR  includes an update authored by Senior Associate  Arlene M. Maneja.   "Valuing Unlisted Shares"  discusses the implemented Philippine Bureau of Internal Revenue Regulation No. 6-2013 (RR6-2013) and contains an overview of the rules involving the determination of fair market value of share of stock not listed and traded in the local stock exchange.  Download a copy of the article from the SyCipLaw website.
  • Publications by Domingo G. Castillo

    Publications by Partner Domingo G. Castillo  on " Repeatable Limitation of Liability in Maritime Accidents ," " Movement of Goods ," and " Various Aspects of Concealment & Representations " are now available for download from the SyCipLaw website. View the Related Links section of  Mr. Castillo's profile  to access the publications.
  • The Mergers & Acquisitions Review 7th Edition – Philippines

    The Philippines section of The Mergers and Acquisitions Review 7th 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, employment law, tax law, competition law, and outlook. The section was contributed by SyCipLaw Managing Partner Rafael A. Morales .
  • WLG Global Agenda Study Report: Issues & Priorities for Senior In-House Counsel Worldwide

    It has been a year since the  SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) LinkedIn Company Page  was launched and statistics show that the most clicked legal resource post is the World Law Group's "Global Agenda Study Report: Issues & Priorities for Senior In-House Counsel Worldwide," which was posted on 16 January 2013. The report highlights, among other things, current key challenges faced by chief legal officers, general counsel and other in-house law department leaders in some of the world's largest companies, as well as action plans they've found most effective to meet these challenges. It also points out some interesting differences by region.
  • ELA's Free Webinar on "Key Employment Issues for US Employers in the Hospitality Industry"

    The Employment Law Alliance's free webinar on "Key Employment Issues for US Employers in the Hospitality Industry" will be on 11 September 2013.
  • WLG's Quick Guide to Private-Copy Levy Systems

    The WLG Intellectual Property & Information Technology Group unveiled its "Quick Guide to Private-Copy Levy Systems" with contributions from 18 WLG member firms from different jurisdictions, including Australia, Canada, China, the EU, Japan, Singapore, UK and USA.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • VEGAS LEX works on regional airports development strategy

    The VEGAS LEX law firm is working on a strategy to develop international airport hubs based on regional airports in Russia.
  • Commercial Litigation and Arbitration Forum: recognition and enforcement of English court judgments

    Head of VEGAS LEX's Dispute Resolution Practice Kirill Trukhanov spoke at the Legal Week Commercial Litigation and Arbitration Forum in London last week
  • VEGAS LEX drafts local air services financing program

    The VEGAS LEX law firm is working on proposals concerning additional funding sources for regional air service programs in Russia
  • Positive Developments for the Economy of Cyprus

    800x600 It has been around one year and a half since the Eurogroup decisions to recapitalise Bank of Cyprus via a bail-in on 25 th of March 2013. Cyprus has worked hard since then to exit the financial crisis and to maintain its status and reputation as an international financial centre. Within October 2014, several positive developments which took place suggest that Cyprus is on a good path. These positive developments include: Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Calibri","sans-serif";} Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Calibri","sans-serif";}
  • VDB Loi assists with first Commercial Tax registration by a non-resident

    VDB Loi, a leading legal and tax advisory firm in Myanmar, was this week able to register an unnamed non-resident foreign company without a branch in Myanmar for Commercial Tax (CT) purposes. According to Myanmar’s tax laws, 5% CT is due on, among other things, all services rendered in the country. This includes services that are performed in Myanmar by foreign or non-resident companies such as engineering, installation, drilling or consulting. Until recently, however, there was confusion about the implementation by foreign companies, many of which were under the impression that the CT did not apply to them, unless they formally opened a branch in the country. That confusion has now been lifted as the Internal Revenue Department (IRD) has issued the first CT registration for a foreign service provider who has no presence or branch in Myanmar.
  • Péter Köves elected Vice President of IBA Bar Issues Commission

    Péter Köves has been elected as the Vice President of the Bar Issues Commission of the International Bar Association ("IBA"), the world's largest association for lawyers, law firms and bars.
  • "POPOV & PARTNERS” WITH A NEW ADDRESS

    We are pleased to inform you that, from 28.10.2014 onward, "Popov & Partners" Law office will be working and admitting clients at a new location. Striving to be closer to the clients, the business and the institutions, we have chosen a site situated at the heart of downtown Sofia, which has excellent transport links and is easily accessible from all parts of the city. The address is: Sveta Nedelya Square N 4, floor 4.We are pleased to inform you that, from 28.10.2014 onward, "Popov & Partners" Law office will be working and admitting clients at a new location. Striving to be closer to the clients, the business and the institutions, we have chosen a site situated at the heart of downtown Sofia, which has excellent transport links and is easily accessible from all parts of the city. The address is: Sveta Nedelya Square N 4, floor 4.
  • Moldova: Amendments to the Legislation on Pledges

    On 25 July 2014, the Parliament of the Republic of Moldova (Moldova) adopted Act No. 173/2014 on amending and supplementing of certain legal acts (Act No. 173). Act No. 173 will enter into force on 8 November 2014 and will inter alia change the Act No. 449/2001 on pledges (Pledges Act). The effected changes will have a direct impact on both guarantees issued before the entrance into force of the Act No. 173 (which will have to be dealt under the new legal provisions) and on obligations to be secured under the new legal frame. Act No. 173 is also meant to introduce a series of novelties into Moldovan legislation.  read more...
  • Avellum Partners’ Tax Practice Recommended by International Tax Review

    Kyiv, 22 October 2014  - Avellum Partners is proud to announce that our Tax Practice has been highly recognized by International Tax Review (" ITR "), a highly reputable international magazine for tax professionals published by Euromoney Plc. In particular, Avellum Partners was ranked within Tier 3 according to the World Tax and World Transfer Pricing 2015 proving its leading reputation in Ukraine.
  • Boult Wade Tennant grows the Trade Mark and Domain Names team with six new professionals