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Quisumbing Torres

Work +63 2 819 4700
Fax +63 2 816 0080

Pearl Liu

Work +63 2 819 4905
Baker McKenzie LLP

Work Department

Pearl Liu is a partner and head of Quisumbing Torres' Corporate & Commercial Practice Group and Infrastructure Industry Group. She is also a member of the Competition Focus Group.



Pearl's practice focuses on mergers and acquisitions, foreign investment structuring, joint ventures, divestitures, corporate reorganizations and real estate. She has extensive experience in the structuring, establishment and operations of corporate entities engaged in, among others, retail, outsourcing & information technology industries, real estate, energy, infrastructure, hotels, resorts and tourism. Representative Legal Matters: 1) Assist Maxim Integrated Products, the sale of its land located in a special economic zone registered with the Philippine Economic Zone Authority to a real estate developer, and its facility and equipment located on the land to a subsidiary of a European food ingredients company. 2) Assist the leading designer and manufacturer of advanced acoustic components for the hearing aid industry with the establishment in the Philippines of the manufacturing operations and the acquisition by an affiliate, of five parcels of land in a province located south of Manila. 3) Advise an American wireless, enterprise and broadband connectivity on regulatory requirements for asset transfer, foreign investment filings and other corporate matters in relation to its proposed acquisition of certain assets and operations of the telecom networks and enterprise networks businesses of an American electronic security systems company. 4) Assist a large & market-ready European multinational company on the establishment of its retail operations in the Philippines. Assist client in obtaining the prequalification of the client as a foreign retailer with the Philippine Board of Investments. 5) Advise and assist a world-leading distributor of liquefied petroleum gas (LPG) and a subsidiary of a long-established privately owned Dutch trading company on the sale by private auction of the shares of its Philippine subsidiary, one of the fastest growing LPG companies in the country. 6) Advise a world leading, publicly traded engineering and project management company on its Philippine-incorporated joint venture with a multinational metal fabrication company; advise on regulatory aspects (including structuring and nationality restrictions) of local engineering, procurement and construction projects.


Trained Philippines; qualified 1983; associate Quisumbing Torres 1983, promoted to local partner 1993, international partner/principal in 2001. Publications of note: Philippine chapter, ‘The Corporate Governance Review Third Edition’, (Law Business Research Ltd. 2013); ‘Guidebook to Competition Law in the Asia Pacific’, (Baker & McKenzie, 2008).


English; Filipino; Chinese.


American Chamber of Commerce of the Philippines , Makati Business Club,  Philippines-United States Business Council, International Bar Association


Ateneo de Manila University (LL.B.) (1982); Assumption College (B.A.) (1976)


Capital markets

Within: Leading individuals

Pearl Liu - Quisumbing Torres

Within: Capital markets

Elizabeth Opeña leads the capital markets practice at Quisumbing Torres, with strong support from Pearl Liu. The team has expertise in all elements of corporate and commercial transactions, and is well versed in the regulatory complexities of capital markets and securities transactions.

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Corporate and M&A

Within: Leading individuals

Pearl Liu - Quisumbing Torres

Within: Corporate and M&A

Led by the ‘terrificPearl Liu, the seven-partner corporate team at Quisumbing Torres is experienced in advising multinational companies executing mergers, acquisitions, dispositions of corporate assets and other types of reorganisation. Dennis Quintero advised Allianz SE on post-closing and operational matters on the completed acquisition of a controlling interest in a major Philippine commercial bank’s life insurance business. TechIron Resources, Korea Water Resources Corporation and Blue Bird Merchant Ventures are clients.

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Projects and energy

Within: Projects and energy

The ‘capable and experienced’ team at Quisumbing Torres is led by Dennis Quintero, Pearl Liu and Lourdes de Leon, who have ‘a deep understanding of the Philippines’ oil and gas legal market’. The firm recently advised Techlron Resources on contractual matters relating to its joint venture project. MWH New Zealand, GRCO Isulan Mining Corporation and Philipinas Shell Petroleum Corporation are also clients.

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Real estate and construction

Within: Leading individuals

Pearl Liu - Quisumbing Torres

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