The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

SyCip Salazar Hernandez & Gatmaitan

SYCIPLAW CENTER, 105 PASEO DE ROXAS, 1226 MAKATI CITY, METRO MANILA 1226, PHILIPPINES
Tel:
Work +63 2 982 3700
Fax:
Fax +63 2 817 3896
Email:
Web:
www.syciplaw.com
Cebu, Davao, Manila, Subic Bay Freeport Zone

Aaron Roi Riturban

Tel:
Work +63 2 9823500
Email:
SyCip Salazar Hernandez & Gatmaitan

Work Department

Banking, Finance & Securities; Special Projects; Mining & Natural Resources; Environmental Law.

Position

Aaron Roi B. Riturban is a partner in SyCip Salazar Hernandez & Gatmaitan. He is a member of the firm’s Banking, Finance & Securities and Special Projects practice groups.

Mr. Riturban has advised foreign clients and their local partners on their investments in highly regulated industries such as mining, power generation, banking, and infrastructure development. He has negotiated, drafted and reviewed agreements covering conveyances, leases, loans, supply and customer contracts for multinational corporations as well as local clients. He has likewise negotiated and drafted transaction documents, correspondence, and legal memoranda, and advised consortium-bidders in connection with public biddings for the privatization of the sole electricity transmission company of the Philippines and for the operation of a hydroelectric power plant.

His significant projects include:

  • acquisition of shares in Manila Electric Company, the sole electricity distribution company in Metro Manila;
  • acquisition of controlling shares in the holding and operating companies of a major toll road in the Philippines;
  • rehabilitation and development of the Mactan-Cebu International Airport;
  • US$300 million bond issuance by SMC Global Power Holdings Corp.;
  • acquisition of shares in the National Grid Corporation of the Philippines, the sole electricity transmission company in the Philippines;
  • acquisition of shares in mining companies, including the sale of Anglo American Exploration (Philippines) BV, shares in Cordillera Exploration Co., Inc., and the purchase of shares in Crescent Mining and Development Corporation by Gold Fields Australia Pty Ltd;
  • development of the Kingking Gold Project for St. Augustine Mining Ltd.; and
  • project financing for wind-power companies operating in the Philippines.
.

Career

He joined the firm in November 2005.

Education

Mr. Riturban was admitted to the Philippine Bar in 2006. He obtained his Juris Doctor (with honors) from the Ateneo de Manila University in 2005 and obtained a Dual Degree in Law & The Global Economy from the New York University School of Law and the National University of Singapore in March 2009.


Philippines

Banking and finance

Within: Banking and finance

The ‘very reliable, extremely hardworking’ team at SyCip Salazar Hernandez & Gatmaitan is ‘technically very sound’. Led by of counsel Mia Gentugaya, its clients include Deutsche Bank, Standard Chartered Bank and Credit Suisse. The ‘very commercially minded’ Ken Ferrer is also recommended. Aaron Riturban made partner in January 2016.

[back to top]

Capital markets

Within: Capital markets

The ‘technically very sound’ team at SyCip Salazar Hernandez & Gatmaitan is ‘very reliable and extremely hardworking’. Clients include Credit Suisse and Macquarie Capital. The ‘very commercial’ Ken Ferrer is recommended. Aaron Riturban made partner in January 2016.

[back to top]

Dispute resolution

Within: Dispute resolution

SyCip Salazar Hernandez & Gatmaitan’s department is led by Ricardo Ongkiko and includes newly promoted partners Aaron Riturban and Franco Larcina. AkzoNobel, Bank of the Philippine Islands and BMW are clients.

[back to top]


Back to index

Legal Developments by:
SyCip Salazar Hernandez & Gatmaitan

  • Philippines Chapter in The Tax Disputes and Litigation Review - Edition 5

    The Philippines section of The Tax Disputes and Litigation Review - Edition 5 contains information on commencing disputes, including national and local taxes; courts and tribunals; penalties and remedies; tax claims, including recovering overpaid taxes, challenging administrative decisions, and claimants; costs; alternative dispute resolution; anti-avoidance; double taxation treaties; areas of focus; and outlook and conclusions. The section was contributed by SyCipLaw partner  Carina C. Laforteza  with support from associate  Mark Xavier D. Oyales .
    - SyCip Salazar Hernandez & Gatmaitan

Legal Developments in Philippines

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Philippines Chapter in The Tax Disputes and Litigation Review - Edition 5

    The Philippines section of The Tax Disputes and Litigation Review - Edition 5 contains information on commencing disputes, including national and local taxes; courts and tribunals; penalties and remedies; tax claims, including recovering overpaid taxes, challenging administrative decisions, and claimants; costs; alternative dispute resolution; anti-avoidance; double taxation treaties; areas of focus; and outlook and conclusions. The section was contributed by SyCipLaw partner  Carina C. Laforteza  with support from associate  Mark Xavier D. Oyales .
  • IFLR: “Philippines: Acquiring insurance brokers”

    The April issue of the International Financial Law Review (IFLR) includes an international briefing article by SyCipLaw partner  Hiyasmin H. Lapitan  entitled “Philippines: Acquiring insurance brokers”. The article discusses the new requirement by the Philippine Insurance Commission (IC) for advance approval to acquire a stake in a Philippine corporation that is licensed as an insurance broker or reinsurance broker. This requirement is noted in the IC’s circular letter number 2017-09 dated February 14, 2017, which prescribes guidelines on the documentation requirements for acquiring a domestic insurance or reinsurance broker.
  • SyCipLaw Tax Bulletin: Philippine BIR Rules on Proper Tax Treatment of Passed-on Gross Receipts Tax

    On June 13, 2016, the then Commissioner of Internal Revenue issued Revenue Memorandum Circular No. 62-2016 purporting to clarify the proper tax treatment of percentage tax or gross receipts tax (GRT) due on transactions covered by Sections 1211 and 1222 of the Tax Code which are shifted through contractual stipulations to borrowers/customers/clients (“passed-on” GRT). Banks, non-bank financial intermediaries performing quasi-banking functions are subject to GRT under Section 121 while financing companies and other financial intermediaries not performing quasi-banking functions are subject to GRT under Section 122. The effectivity of this circular was suspended on July 1, 2016 by the new Commissioner of Internal Revenue. However, on November 15, 2016, the suspension was lifted by RMC No. 127-2016 rendering RMC No. 62-2016 effective immediately.
  • Philippine Court of Appeals Denies Issuance of Environmental Protection Order Against Mining Company

    In a decision issued on March 8, 2017, the Philippine Court of Appeals (CA) denied the petition by NGO Ang Aroroy ay Alagaan, Inc. and certain individuals, for the issuance of a writ of kalikasan against Filminera Resources Corporation, and its directors and officers. The petitioners have claimed that Filminera, which operates in the Philippine province of Masbate, had been causing environmental damage in the conduct of its mining operations in violation of local law, and that a writ of kalikasan should be issued.
  • SyCipLaw TMT Bulletin: Philippine Central Bank Issues New FinTech Rules

    The Bangko Sentral ng Pilipinas (BSP) (the Philippine Central Bank) has issued two new circulars that will be of interest to companies engaged in remittance services, e-money, digital currency, and other fintech businesses. Both circulars amend portions of the BSP Manual of Regulations for Non-Bank Financial Institutions.
  • IFLR: “Philippines: Foreign equity ownership decision”

    The March issue of the International Financial Law Review ( IFLR ) includes an international briefing article by SyCipLaw partner  Jose Florante M. Pamfilo  entitled “Philippines: Foreign equity ownership decision”. The article discusses the Philippine Supreme Court decision on the case of Roy v. Herbosa (GR no. 207246) to invalidate the Securities and Exchange Commission (SEC) Memorandum Circular no. 8-2013 (MC 8-2013) on the guidelines on compliance with the Filipino-foreign ownership requirements prescribed in the Philippine Constitution and/or existing laws by corporations engaged in nationalized and partly nationalized activities.
  • Doing Business 2017: Equal Opportunity for All

    The World Bank Group has released its Doing Business 2017: Equal Opportunity for All report. This is the 14th in an annual series of reports providing objective measures of business regulations and their enforcement in 190 economies. The report focuses on measuring regulations affecting 11 areas: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency, and labor market regulation.
  • IFLR: “Philippines: Promoting foreign investment”

    The February issue of the International Financial Law Review (IFLR) includes an international briefing article by SyCipLaw partner  Aaron Roi B. Riturban  entitled “Philippines: Promoting foreign investment”. The article focuses on Republic Act no. 10881, which lifts the foreign investment limitations found in laws governing adjustment companies, lending companies, financing companies, and investment houses.  Read the article online at the IFLR website .
  • Enabling the Business of Agriculture 2017

    The World Bank Group has released Enabling the Business of Agriculture 2017. The report presents data on legal barriers for farmers, entrepreneurs and businesses operating in agriculture in 62 countries and across the topics of land, seed, fertilizer, machinery, water, livestock, finance, markets, transport, and information and communication technology (ICT). SyCipLaw's  Rose Marie M. King-Dominguez ,  Alan C. Fontanosa ,  Franco Aristotle G. Larcina  and  Ruben P. Acebedo II  contributed to the report.
  • Ending "Endo"

    “Endo” is the twin brother of the drug monster that also needs to be slain, so says the Duterte administration.  “Endo” is layman’s term for end of employment contract.  It is the date indicated on the employment contracts and is dreaded by employees as it means the end of his or her employment.  Read more...