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

Vicente Gerochi

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

Work Department

Special Projects; Banking, Finance & Securities.

Position

Vicente D. Gerochi IV is a partner in SyCip Salazar Hernandez & Gatmaitan. He is a member of the firm’s Special Projects and Banking, Finance and Securities practice groups.

Mr. Gerochi has represented Philippine and multinational corporations, local and international banks, and multilateral financial institutions in public offering of securities and other securities and financial transactions, and advises on securities regulation, corporate and project finance, mergers and acquisitions, foreign investments, and transport infrastructure.

His significant projects include:

  • Asian Development Bank’s inaugural peso bond issue
  • Asian Development Bank’s Asian Currency Note Programme
  • Ayala Land’s Homestarter Bond offerings
  • Financing of the equity contribution of one of the shareholders of National Grid Corporation of the Philippines (cited as one of the Deals of the Year 2009 by Singapore-based Asian Counsel magazine)
  • Financing of the extension and rehabilitation of South Luzon Expressway
  • Completion of Ninoy Aquino International Airport - Terminal 3
  • Manila LRT Line 1 south extension
  • Implementation and financing of Manila Rail Transit Line 7
  • Restructuring of DP World’s equity interest in Asian Terminals Inc.
  • Sale of the Philippine government’s shares in PNOC Energy Development Corporation
  • Sale of Saudi Aramco’s 40% equity interest in Petron Corporation
  • Sale of a 30% indirect equity stake in National Grid Corporation of the Philippines
  • Sale of El Paso’s power generation assets in the Philippines
  • Sale of ING Bank’s trust and investment management business to Bank of the Philippine Islands
He serves as director and corporate secretary of various corporations, including public companies.

Career

Mr. Gerochi is a Fellow of the Center for International Legal Studies (CILS), a non-profit research, training and law publications institute based in Austria. He authors the Philippine chapter of the International Securities Law and Regulation publication of CILS.

He spoke on Philippine Foreign Investment Regulations and Treaty Commitments at the International Malaysia Law Conference held on 26-28 September 2012 in Kuala Lumpur. He read a paper on Philippine Foreign Investment Regulations at the Asian Legal Business In-House Legal Summit held on 30 November 2011 in Beijing. He was a speaker in the Corporate Governance Seminar jointly sponsored by the Financial Executives of the Philippines and the Philippine Institute of Certified Public Accountants held on 26 March 2004.

He was a lecturer in the Ateneo Law School from 1996 to 1998.

Education

He obtained his J.D. (with honors) from the Ateneo de Manila University in 1993, and his LL.M. (with honors) from Columbia University in New York in 1999.


Philippines

Banking and finance

Within: Banking and finance

SyCip Salazar Hernandez & Gatmaitan’s banking and finance practice is headed by Marievic Ramos-Añonuevo, who succeeds the now-retired Mia Gentugaya, and includes Vicente Gerochi IV, Simeon Ken Ferrer and Jose Florante Pamfilo. The firm has acted for a range of notable clients such as the Philippine National Bank and Energy World Corporation, and recently advised BDO Unibank on a PHP3.4bn term loan to Solar Philippine Calatagan Corporation to refinance the development of a major solar power generating facility in Batangas.

[back to top]


Back to index

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.