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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

Hector de Leon

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

Work Department

Corporate Services; Banking, Finance and Securities; Special Projects; Tax.

Position

Hector M. de Leon, Jr. handles corporate work (particularly mergers and acquisitions, foreign investments, project finance and similar commercial transactions).

While he handles commercial transactions for various types of industries, a significant amount of his work relates to mining, oil and gas, and energy work.

In the field of natural resource law, he has acted as counsel to the world’s biggest natural resource companies as well as junior companies, financial institutions and other participants in the natural resource sector. He has done work relating to, among others, the Didipio gold and copper project, the Far Southeast gold project, the Kingking gold and copper project, the Masbate gold project, the Rapu-rapu poly-metallic project and the Siana gold project. He provides advice to clients on all aspects of mining projects, including project structuring, joint ventures, acquisitions, corporate and project financing, legal due diligence review, land acquisition, and permitting. He also assists clients in the drafting and review of contracts entered into by mining companies, including ore supply agreements, EPC contracts, operating agreements, royalty agreements, and similar agreements.

In the field of oil and gas law, he has acted as counsel to various oil and gas companies, including global leaders in oil and gas exploration and development. He provides advice to clients on all aspects of oil and gas projects, including project structuring, establishment of a presence in the Philippines, acquisition of project companies, corporate and project financing, legal due diligence review, farm-in and farm-out transactions, sale and purchase of an interest in a service contract, and drafting and review of contracts related to oil and gas projects. He also represents financial institutions who lend to oil and gas companies.

With respect to the energy sector, Mr. de Leon has done work relating to, among others, the Caliraya-Botocan-Kalayaan hydroelectric project, the Casecnan hydroelectric project, the Mahanagdong geothermal power project, the Malitbog geothermal power project and the Upper Mahiao geothermal power project. Together with other lawyers of the firm, Mr. de Leon worked on some of the biggest transactions in the Philippine energy sector, such as the following:

  • the acquisition by Sumitomo Corporation and Japan Power in 2005 of an interest in CBK Power Company Limited. This transaction was awarded 2005 Deal-of-the-Year by the international publication Asian-Counsel and was shortlisted for Deal-of-the-Year by the International Financial Law Review;
  • the acquisition by Marubeni Corporation and Tokyo Electric Power in 2007 of the Philippine assets of Mirant through a share purchase transaction. At that time, the transaction was one of the biggest sale and purchase transactions in the Philippines. The transaction was named as one of Asian-Counsel's 2007 Deal of the Year.
Mr. de Leon also advises on a wide array of tax issues, including those relating to transaction structuring, joint ventures, acquisitions, financing, and tax treaty relief applications.

Mr. de Leon also sits as director and corporate secretary in several Philippine companies.

Career

Chambers Global Guide 2012 named Mr. de Leon as one of the leading lawyers in the Philippines in the field of energy and natural resources. Chambers Global Guide 2007 has also named him as one of the leading lawyers in the Philippines in the field of general business law.

He is mentioned in The Legal 500: Asia Pacific Guide to Asia’s Commercial Law Firms (2007, 2008, 2009, 2010, 2011 and 2012) and in Chambers Asia’s Leading Lawyers for Business (2009, 2010, 2011 and 2012).

Mr. de Leon was a lecturer at the University of the Philippines College of Law for several years, and prior to that, he taught at the University of the Philippines College of Business Administration. He also worked as legal officer at the United Nations Compensation Commission in Geneva, Switzerland.

He co-authored the Corporation Code of the Philippines Annotated, Comments and Cases on Obligations and Contracts, and Comments and Cases on Credit Transactions. He also contributed the Philippine chapters of several international publications, including Digest of Commercial Laws of the World, CCH Doing Business in Asia, Getting the Deal Through - Mining, Remedies for International Seller of Goods, Product Liability in the Asia Pacific, and Warranties and Disclaimers: Limitations of Liability in Consumer-Related Transactions.

Languages

English, Filipino.

Member

He is a member of the Integrated Bar of the Philippines, Inter-Pacific Bar Association, and Tax Management Association of the Philippines.

Education

Mr. de Leon obtained his Bachelor of Arts (1984, cum laude) and Bachelor of Laws (1988) from the University of the Philippines. He was admitted to the Philippine Bar in 1989.

He received his Master of Laws (1993) from the University of Michigan.


Philippines

Projects and energy

Within: Leading individuals

Hector de Leon - SyCip Salazar Hernandez & Gatmaitan

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Tax

Within: Tax

SyCip Salazar Hernandez & Gatmaitan’s department is led by Rolando Medalla, Jr and includes Hector de Leon and certified public accountant Carina Laforteza. The firm acts for California Energy, Manila Electric Company, Maynilad Water Services and Döhle Shipmanagement Philippines Corporation.

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Legal Developments by:
SyCip Salazar Hernandez & Gatmaitan

  • 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.
    - SyCip Salazar Hernandez & Gatmaitan

Legal Developments in Philippines

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  • 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...
  • ANTITRUST LAWS: A GLANCE AT THE PHILIPPINE COMPETITION ACT

    Antitrust laws, also referred to as “competition laws”, are statutes developed to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy. Competition laws regulate and prohibit several questionable business activities such as market allocation/ de facto monopoly whereby companies agree to steer clear of each other’s identified geographical market or territories; bid rigging whereby conspiring entities manipulate the market with a view of retaining current market share and price for each entity; and price fixing whereby two or three entities agree on the same selling price. Competition laws are designed to maximize consumer welfare by regulating or preventing business activities which stifle competition.  Read more...
  • 10 Questions Investors Need to Ask Before Investing in the Philippines

    (1)What are the different forms of investment one can use?
  • Geothermal Transparency Guide

    SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) contributed the Philippine chapter of Icelandic law firm BBA’s handbook called the Geothermal Transparency Guide . The publication is intended to provide an overview of the legal and regulatory framework governing exploration, exploitation and production of electricity from geothermal resources. The Philippine chapter was contributed by SyCipLaw partners  Hector M. de Leon, Jr.  and  Angel M. Salita, Jr.