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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

Rocky Alejandro Reyes

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

Work Department

Special Projects; Banking, Finance & Securities.

Position

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.

Career

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.

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Education

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.


Philippines

Corporate and M&A

Within: Corporate and M&A

At SyCip Salazar Hernandez & Gatmaitan, Ken Ferrer acted for the Philippine Stock Exchange on its proposed purchase of Philippine Dealing System Holdings Corporation Group. Koninklijke Philips and Aboitiz Power Corporation are high-profile clients. Rocky Reyes leads the team, which includes competition specialist Franco Larcina, who made partner in January 2016.

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Projects and energy

Within: Leading individuals

Rocky Reyes - SyCip Salazar Hernandez & Gatmaitan

Within: Projects and energy

SyCip Salazar Hernandez & Gatmaitan’s team, headed by Rocky Reyes, counts Metro Pacific, San Miguel and BHP Billiton among its clients. Vicente Gerochi IV acted for Hanwha Q Cells Korea on the engineering, procurement and construction aspects of the Digos Solar Project in Davao.

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Real estate and construction

Within: Real estate and construction

Rocky Reyes leads SyCip Salazar Hernandez & Gatmaitan’s team; he acted for Filinvest Land and Bases Conversion Development Authority on a 288-hectare development in Luzon. San Miguel and Wells Fargo are also clients.

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Shipping

Within: Leading individuals

Rocky Reyes - SyCip Salazar Hernandez & Gatmaitan

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Legal Developments by:
SyCip Salazar Hernandez & Gatmaitan

  • 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.
    - SyCip Salazar Hernandez & Gatmaitan

Legal Developments in Philippines

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  • 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.
  • 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 .