Philippines > Law firm and leading lawyer rankings
The Philippine electorate made waves in May 2016 by electing Rodrigo Duterte to the presidency. But for all his controversial social policies, there are certainly reasons for investors to be optimistic: the 71-year-old is an avowed enemy of red tape, and has pledged to support infrastructure and PPP projects. Foreign investors are also showing an interest in areas such as education, technology and healthcare, while Philippine corporates, which are growing in size and sophistication, are beginning to invest overseas.
Capital markets activity has been heating up since Duterte’s ascension in June; there have been several offshore offerings by Philippine issuers, but most buyers have been Philippine corporates and high-net-worth Filipinos. Since Philippine banks are remarkably liquid and willing to lend, foreign banks have no significant presence in the country, however it has been speculated that domestic banks will soon approach their lending limits.
Following the introduction of a new competition law in July 2015, the Philippine Competition Commission investigated San Miguel’s sale of its telecoms assets to PLDT and Globe Telecom, a competition inquiry on a scale unprecedented in the Philippines.
Tax disputes have been a key talking point, largely due to the relatively aggressive approach of the previous tax commissioner, Kim Jacinto-Henares; observers anticipate that the number of tax-related disputes should come down under the new commissioner, Cesar Dulay.
Renewable energy, particularly solar and hydroelectric, are becoming prominent staples of the energy sector, although coal is responsible for servicing about a third of the country’s energy needs.
The Data Privacy Act, implemented in full in the summer of 2016, will have compliance-related repercussions for clients in the public and private sectors.
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 permitted to establish an office in the Philippines, some have associate or member firms based in Manila offices, such as Quisumbing Torres, which is Baker & McKenzie LLP’s correspondent firm in the Philippines.
Firms in the spotlight
Valenton Loseriaga Law Offices
We provide quality legal services in the field of Litigation and Appeals, Corporate Services and Transactions, Banking and Finance, Trust Operations and Securities, Business and Investment, Mergers and Acquisitions, Family, Estate Planning, Labor and Employment, Immigration, Admiralty and Maritime Laws, Realty Transactions and Property Development, Copyrights and Trademarks, Transportation and Public Utilities, Election and Administrative Law, Infrastructure, Offshore Transactions and Mining.
To further expand our field of practice and rise above its complexities, we, though already trained and educated in reputable institutions, engage in advanced studies, affiliate with professional associations, and expose ourselves to challenging and enriching legal environments.
The Firm’s clientele includes local and foreign companies engaged in manufacturing, real estate development, construction, information technology, business process outsourcing, mass media, security documents production, banking, and mining. The Firm recently represented several Europe-based companies in various tenders conducted by the Bangko Sentral ng Pilipinas, the Department of Foreign Affairs, Bureau of Immigration and other agencies. It is currently defending a former chief of the national police before the country’s anti-graft court, and represents a governor from the north in the various cases filed against him in relation to the 2013 national elections. We also had the rare privilege of advising the government about the legal and regulatory intricacies of two of its biggest PPP infrastructure concession projects.
We are committed in emerging as a new landmark in the legal community as we provide effective, innovative, cost-efficient and speedy solutions, moved by genuine resolve to serve and guided by firm ethical and professional principles.