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SyCip Salazar Hernandez & Gatmaitan

Work +63 2 982 3700
Fax +63 2 817 3896
Cebu, Davao, Manila, Subic Bay Freeport Zone

Rocky Alejandro Reyes

Work +63 2 9823500
SyCip Salazar Hernandez & Gatmaitan

Work Department

Special Projects; Banking, Finance & Securities.


Rocky L. Reyes is a partner in SyCip Salazar Hernandez & Gatmaitan and heads the Special Projects Department. He specializes in taxation, project finance, construction, leveraged leases and infrastructure projects.

Mr. Reyes acted as legal advisor in connection with the drafting of the proposed implementing rules and regulations for the revised BOT Law of the Philippines and has advised on the drafting of proposed legislation to create the Private Sector Infrastructure Development Fund. Mr. Reyes continues to be involved in various private power and other infrastructure projects in the Philippines and other Asian countries.


He spent two years as a foreign attorney at Anderson Mori & Rabinowitz, a Japanese law firm in Tokyo.

Mr. Reyes is a co-author of Doing Business in Asia (Philippine Sector) published by CCH Asia Limited. In addition, Mr. Reyes has written papers on Philippine mergers and acquisitions in Asian Revival: Risk, Change and Opportunity published by Euromoney; on Corporate Acquisitions and Mergers published by Kluwer Law International; and on the Philippine Power Industry Reform published by Euromoney.

Mr. Reyes teaches at the University of the Philippines, College of Law. He has also written papers and delivered lectures on the BOT law, the Foreign Investments Act, the law on telecommunications, taxation of securities and banking transactions, project financing and Philippine infrastructure projects. He continues to deliver lectures at various Mandatory Continuing Legal Education (MCLE) Programs.



Mr. Reyes graduated from the University of the Philippines College of Law (magna cum laude) and was a bar topnotcher in 1984. Mr. Reyes obtained his Master of Laws from Columbia University in New York.


Corporate and M&A

Within: Corporate and M&A

Rocky Reyes leads the team at SyCip Salazar Hernandez & Gatmaitan, which counts MetroPac Movers, San Miguel Corporation and GIC Investments among its clients. Arlene Maneja and Franco Larcina recently acted for TPG Growth III on the PHP3bn acquisition of 40% of the issued and outstanding capital stock of One Network Bank through the purchase of common shares in the bank owned by BDO Unibank.

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Projects and energy

Within: Leading individuals

Rocky Reyes - SyCip Salazar Hernandez & Gatmaitan

Within: Projects and energy

Rocky Reyes heads the practice at SyCip Salazar Hernandez & Gatmaitan, which regularly acts for notable developers in the Philippine coal, gas, hydroelectric and geothermal sectors. The team advised Manila Electric Company (Meralco) on the development of bidding terms for the tender of electricity sourced from renewable energy sources in the Philippines, as well as assisting the Bids and Awards Committee and providing regulatory advice.

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Real estate and construction

Within: Real estate and construction

Rocky Reyes leads the team at SyCip Salazar Hernandez & Gatmaitan, which recently acted for Erawan Group PCL, a leading hospitality and hotel developer company, in its various hotel construction and management projects in the Philippines.

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Within: Leading individuals

Rocky Reyes - SyCip Salazar Hernandez & Gatmaitan

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Within: TMT

The TMT practice at SyCip Salazar Hernandez & Gatmaitan is headed by Rocky Reyes and Rose King-Dominguez, who provide expertise in data privacy matters, cyber security law, fintech, as well as information and communications technology services. The firm acts for clients such as the San Miguel Corporation and Thomson Reuters, and recently represented PLDT, Inc. in the landmark Supreme Court case on nationality requirements for telecoms entities and other public utilities.

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Legal Developments by:
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
  • SyCipLaw TMT Bulletin: “More Philippine Data Privacy Act: Are you Ready for Phase II?”

    Controllers and processors who have completed Phase I registration with the National Privacy Commission (NPC) will now have to gear up for Phase II. Phase II involves providing the NPC certain information on the organization’s compliance with the Data Privacy Act (DPA).
  • Getting the Deal Through: Appeals 2017

    The Philippine chapter of Getting the Deal Through: Appeals 2017 was contributed by SyCipLaw partner Ramon G. Songco and associate Kathleen Kay A. de Guzman . The chapter provides key insight into the appellate stage of dispute resolution in the Philippines.
  • The International Comparative Legal Guide to: Patents 2018

    The Philippine chapter of the International Comparative Legal Guide to: Patents 2018 was contributed by SyCipLaw partners Enrique T. Manuel and Vida M. Panganiban-Alindogan . The chapter answers key questions on patent enforcement, patent amendment, licensing, patent term extension, patent prosecution and opposition, border control measures, and antitrust laws and inequitable conduct. It also gives an overview on current patent developments in the country.
  • IBA Taxes Committee: “Developments in Philippine Tax Laws and Regulations”

    The International Bar Association’s (IBA) Taxes Committee published its annual update on tax developments by jurisdiction for 2017. The 2017 update includes a Philippine report by SyCipLaw partner Hiyasmin H. Lapitan entitled “Developments in Philippine Tax Laws and Regulations”. The Philippine report summarizes recent updates related to tax treaty relief, passed-on gross receipts tax, alternative modes of paying taxes, reduction of real property tax on independent power producers, and case law, as well as upcoming tax reform developments.
  • ALB: “Enforcement Update: Philippine Competition Act”

    The August 2017 issue of the Asian Legal Business (ALB)  includes a Philippine regional update by SyCipLaw partner  Arlene M. Maneja entitled, “Enforcement Update: Philippine Competition Act”. The article summarizes the administrative, civil and criminal penalties that apply to companies that have yet to comply with the Philippine Competition Act (PCA). The transitional clause of the PCA to enable parties to renegotiate agreements or restructure their businesses to comply with the law expired on August 7, 2017.
  • CPO: “Philippines: To Be or Not To Be a Data Protection Officer (DPO)”

    Chief Privacy Officer (CPO) Magazine, an online publication owned by Data Privacy Asia, featured an article by SyCipLaw partner Rose Marie M. King-Dominguez . Entitled “Philippines: To Be or Not To Be a Data Protection Officer (DPO) ”, the article discusses the qualifications and responsibilities of a DPO as outlined in the Philippine Data Privacy Act of 2012. It also outlines difficulties companies may experience in the appointment of a DPO.
  • ALB: “Guidelines on Related Party Transactions for Insurers in the Philippines”

    The July 2017 issue of the Asian Legal Business (ALB) includes a Philippine regional update by SyCipLaw partner Hiyasmin H. Lapitan and associate Jo Margarette W. Remollo entitled, “Guidelines on Related Party Transactions for Insurers in the Philippines ”. The article summarizes the Insurance Commission’s compliance guidelines on related party transactions, as set out in Insurance Circular Letter No. 2017-29. The Circular covers insurers, reinsurers, branch offices of foreign insurers, mutual benefit associations, pre-need companies, and health maintenance organizations and their intermediaries.
  • 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.