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27/F 88 CORPORATE CENTER, 141 SEDEÑO STREET, SALCEDO VILLAGE, MAKATI CITY 1227, PHILIPPINES
Tel:
Work +63 2 889 6060
Email:
Web:
www.zglaw.com

Antero Jose Caganda

Tel:
Work +6328896060
Email:
Zambrano Gruba Caganda & Advincula

Work Department

Partner.

Position

Corporate Law, Tax Advisory, Banking.

Career

Atty. Caganda is a partner at the Firm specializing in Corporate Law, Tax Advisory, and Banking. He graduated with a Juris Doctor Degree from the Ateneo Law School in 1994, and was admitted to the Philippine Bar in 1995. His practice is focused on business entity formation/reorganization/winding up, crossborder transaction structuring, acquisitions and divestitures, debt financing arrangements, securities transactions, real property acquisition and conveyancing, and contracts. Notable engagements include: Transaction advise on the acquisition of a major Philippine bank by way of a government privatization process; Supervising a team a lawyers engaged by Project EMERGE of the USAID to review the Philippine government policy on Financial Sector taxation (First Module). The study identified instances of tax arbitrage across different industries in the Philippine financial sector, with the purpose of eventually promoting a tax-neutral environment; Transaction advise on the real property asset acquisition by a private equity fund, including tax advise on the structure of the inward investment and the capital and profit repatriation upon divestiture of the investment; and Legal review of the Philippine operations of a multinational seed products and planting materials company. Atty. Caganda has advised a Philippine business process outsourcing (“BPO”) company in the partial acquisition by a Fortune 500 company of a US $15 million ownership stake and a China-based company in the US $20 million acquisition of a mixed use leisure and resort park, where the Firm performed extensive due diligence, deal structuring, acquisition agreements drafting, and management of tax implications.

Languages

English, Filipino.

Education

Ateneo de Manila School of Law - Juris Doctor University of the Philippines - AB Philosophy.


Philippines

Banking and finance

Within: Banking and finance

Angelo Advincula and Samantha Dy-van de Loo lead the team at Zambrano Gruba Caganda & Advincula, and are ably supported by Jorge Melo and Antero Caganda. Between April 2015 and March 2016, Lily Gruba assisted Asia United Bank Corporation with over $554m-worth of loans to various borrowers.

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Dispute resolution

Within: Dispute resolution

Antero Caganda, Angelo Advincula and Jorge Melo are the key partners at Zambrano Gruba Caganda & Advincula. The team assisted Philippine National Bank with obtaining a tax refund for tax wrongly paid in 2003.

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Tax

Within: Leading individuals

Antero Caganda - Zambrano Gruba Caganda & Advincula

Within: Tax

At Zambrano Gruba Caganda & Advincula, Angelo Advincula successfully assisted Puregold Duty Free with a $60m refund for VAT and excise taxes wrongly paid between 1998 and 2004. Lily Gruba, Antero Caganda and Juan Miguel de la Fuente are also recommended.

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Legal Developments by:
Zambrano Gruba Caganda & Advincula

  • 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...
    - Zambrano Gruba Caganda & Advincula

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...