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9TH, 10TH, 11TH & 12TH FLOORS, ONE ORION, 11TH AVENUE, CORNER UNIVERSITY PARKWAY, BONIFACIO GLOBAL CITY 1634, METRO MANILA, PHILIPPINES
Tel:
Work +63 2 810 5858
Fax:
Fax +63 2 810 3838
Email:
Web:
www.cruzmarcelo.com
Manila, Manila

Rosa Michele C. Bagtas

Email:
Cruz Marcelo & Tenefrancia

Work Department

Senior Partner

Position

•Corporate and Commercial Law •Mergers & Acquisitions •Property Development & Real Estate Transactions •Immigration •Tax Advisory •Capital Markets, Securities Regulation & Finance

Career

Ms. Bagtas is a Partner in our Corporate & Commercial Law Department and heads the Property Development and Immigration Practice Groups. Rosa has acted as counsel in a number of M & A deals, whether share sale or a share purchase, asset acquisition or disposition, merger, joint venture or spin-off, involving companies in a variety of industries (such as manufacturing companies, life and non-life insurance companies, telecommunications companies, pharmaceutical companies, BPOs, exporters, mining companies, real estate companies, among others). In the field of Property Development, Rosa has acted as counsel and local representative for foreign companies in their bulk acquisition and disposal of condominium units in the Philippines and in making other investments in the country. Rosa has likewise represented clients in a variety of real estate transactions, such as a residential subdivision in Quezon City, a mixed-use subdivision in Batangas, a master-planned community in Laguna, land that will be developed into a power plant and a commercial port in Mindanao, and applications for sales patents in Boracay Island. The foregoing projects required legal due diligence, contract negotiation, implementation, and amendment, management of internal revenue tax and local tax issues, dealings with local government units, addressing of labor issues, dealings with Philippine regulators and other government agencies. Rosa also has extensive practice in Philippine commercial law, taxation, infrastructure development, immigration, foreign investments and trade.

Member

Rosa is a member of the Integrated Bar of the Philippines, the Philippine Bar Association, the Ateneo Law Alumni Association and the Ateneo Alumni Association.

Education

Rosa earned her Juris Doctor degree, second honors, from the Ateneo de Manila University School of Law in 1998. She received her Bachelor of Science degree, Major in Legal Management, from the Ateneo de Manila University where she graduated Cum Laude in 1994.


Philippines

Immigration

Within: Immigration

Rosa Bagtas leads Cruz Marcelo & Tenefrancia’s ‘very efficient’ and ‘well-managed’ team, which provides ‘comprehensive information and easy-to-follow instructions’.

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Real estate and construction

Within: Real estate and construction

Cruz Marcelo & Tenefrancia’s ‘excellent’ department is led by Rosa Bagtas. Pancho Umali advised Goldenwill on its bid for the purchase of PHP1.4bn-worth of land in Bonifacio Global City.

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Legal Developments in Philippines

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  • 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.
  • 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.