Corporate and M&A in Philippines

Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALaw)

Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALaw) maintains an active corporate and M&A practice and has recently been busy advising clients on a range of mergers, sales, acquisitions and restructurings. Much of its work involves cross-border elements; in one recent example, the team acted for Malaysia-based private equity firm Navis Capital Partners in the acquisition of Thailand-based company DZ Card Group and its subsidiaries in the Philippines. The firm has experience across multiple industries, including healthcare, food and beverage, aviation and financial services. Judy Hao is the practice head; with her in the team are banking, investments and M&A specialist Andre Navato and Joselito Bautista, who has handled M&A transactions in a broad range of sectors. Elaine Patricia Reyes-Rodolfo and Everlene Lee, who was recently promoted to partner, are recommended. Tadeo Hilado retired from the firm.

Practice head(s):

Judy Hao

Key clients

Navis Capital Partners

House of Investments/iPeople

Asahi Glass Company

Sealed Air Corporation

Johnsonville Sausage LLC

Work highlights

  • Acted as counsel to Navis Capital Partners in the acquisition of 100% of the shares of DZ Card Group.
  • Represented House of Investments and iPeople in the latter’s merger with Ayala Education.
  • Advised Asahi Glass Company on the sale of the shares and business of its Philippine subsidiary AGC Flat Glass Philippines.

Quisumbing Torres

The 'responsive and helpful team' at Quisumbing Torres advises domestic and international companies on M&A, foreign investments and joint ventures. The firm maintains industry-focused groups, and each member of the team specialises in specific industries; key strengths include financial services, energy, infrastructure, retail, life sciences and transport. The firm has also established a fintech focus group. Complementing the corporate practice group's broad expertise is its knowledge of competition law, a burgeoning area in the Philippines. As a member firm of the Baker McKenzie network, the firm has access to a broad international office network, which proves particularly beneficial in cross-border corporate transactions. The sizeable team is led by Christina Macasaet-Acaban, who also heads the competition group. Other key practitioners include Pearl Liu, Dennis Quintero and Alain Charles Veloso.

Practice head(s):

Christina Macasaet-Acaban


The firm provides an efficient service‘.

Alain Charles Veloso and associate Diane Maxima Singayan-Mallillin always provide an efficient service‘.

Key clients

Pilipinas Shell Petroleum Corporation



Johnson & Johnson

Telstra Corporation Limited

State Grid Corporation of China

Energy Development Corporation

SyCip Salazar Hernandez & Gatmaitan

SyCip Salazar Hernandez & Gatmaitan has established itself as one of the top firms in the Philippines; it is equipped to handle significant and complex corporate transactions, and its corporate and M&A practice benefits from the firm's broader expertise in tax and competition law. Its client base includes household name multinational companies and leading domestic companies, and it regularly works with well-known foreign law firms in cross-border matters. In a high-profile, multi-jurisdictional transaction, the firm assisted Grab in its acquisition of Uber's assets in Southeast Asia; managing partner Hector De Leon, Arlene Maneja and Franco Aristotle Larcina led the team. Rocky Alejandro Reyes heads the special projects department and has particular strength in the energy, power and infrastructure sectors. The firm saw organic growth with several partner promotions in 2019; new partners include banking, corporate services and special projects expert Leah Abutan.

Practice head(s):

Rocky Alejandro Reyes

Key clients

Metro Pacific Group

San Miguel Corporation

Aboitiz Power Corporation

Nova Asia Company

Dentsu Aegis Network

Manila Electric Company

TPG Growth III SF Pte


Mitsubishi Fudosan

Mitsubishi Corporation

Work highlights

  • Represented Grab in its acquisition of Uber’s assets.
  • Acted for Mitsubishi Corporation in relation to the low-cost housing joint venture between Century Properties Group and Mitsubishi Corporation.
  • Advised The Dairy Farm Group on the sale of 100% of Rustan Supercenters to Robinsons Retail Holdings.
  • Acted as Philippine counsel to certain investors in their investment in the fintech unit of a Singapore-based company.

Martinez Vergara Gonzalez & Serrano

In M&A, Martinez Vergara Gonzalez & Serrano has experience across all stages of a transaction, from initial structuring and due diligence review to regulatory approval. Foreign companies often turn to the team for assistance on direct investment in companies in the Philippines, and the firm has also established an active data privacy practice. Other notable areas include M&A in the banking and finance sector. In recent work, Elmer Serrano and Mia Jazmin Ormita acted as lead partners for BDO Unibank and its rural banking unit One Network Bank on the latter's acquisition of Rural Bank of Pandi; founded in 1967, Rural Bank of Pandi has a significant presence in the SME sector in Bulacan, where it has ten branches.

Practice head(s):

Elmer Serrano


MVGS is one of the best law firms in the Philippines in corporate law. MVGS has been one of the reasons why our company has grown significantly over the years‘.

Manuel Gonzalez and Gwyneth Ong are outstanding lawyers. They are very thorough with their analysis and they work very fast‘.

Key clients

BDO Unibank

Udenna Corporation

Nexif Energy

Work highlights

  • Acted as transaction counsel for the merger of 2Go Group and Nenaco.
  • Advised BDO Unibank and its rural banking unit One Network Bank in the latter’s acquisition of Rural Bank of Pandi.
  • Acted as counsel to BDO Unibank and its subsidiary BDO Leasing and Finance in the sale of the latter’s 40% equity interest in MMPC Auto Financial Services Corporation.
  • Represented Nexif Energy and ACX3 Capital Holdings in the acquisition of renewable energy developer Calabanga Renewable Energy.
  • Acted as Philippine counsel to a US company in connection with its acquisition of businesses in Asia.

Puyat Jacinto & Santos Law Offices

Puyat Jacinto & Santos Law Offices is particularly strong in energy-sector M&A. In a recent highlight, Monalisa Dimalanta and Shirley Velasquez-Viray and a team acted for Aboitiz Power Corporation in relation to the $579m acquisition of a 49% voting interest and 60% economic interest in AA Thermal, the thermal company of AC Energy, a wholly owned subsidiary of Ayala Corporation. The team acts for buyers and sellers in corporate deals and, outside of transactional work, it also handles a range of corporate governance and commercial matters. Regina Jacinto-Barrientos is the practice head.

Practice head(s):

Regina Jacinto-Barrientos

Work highlights

  • Represented North Renewables Energy Corporation in the purchase of all of the shares in Vivant-Sta. Clara North Renewable Generation Corporation.
  • Acted as counsel to Aboitiz Power Corporation in relation to the $579m acquisition of 49% voting interest and 60% economic interest in AA Thermal.
  • Acted as lead international transaction counsel to a company in the food and beverage sector in its joint venture with a Japanese company.
  • Acted for Uber in the share swap between Uber and Grab.

Quiason Makalintal Barot Torres Ibarra Sison & Damaso

Quiason Makalintal Barot Torres Ibarra Sison & Damaso has experience in M&A and projects, including project finance, and it handles a range of domestic and cross-border transactions. Many of its clients are longstanding, having worked with the firm for several decades, and the firm also continues to attract new clients. Managing partner Ruelito Soriano co-heads the corporate group and is also an active member of the firm's tax practice. Enrique Quiason, who co-heads the corporate department alongside Soriano, has specialist expertise in M&A, securities law and foreign investment.

Practice head(s):

Ruel Soriano; Enrique Quiason

Key clients

Far Eastern University

First Gen Corporation

Energy Development Corporation

First Philippine Holdings Corporation

Franklin Baker

Pointwest Technologies

Leads Agricultural

Sant Foundation

Transnational Diversified Corporation

Crescent Point

ABS-CBN Broadcasting Corporation

Villaraza & Angangco (V&A Law)

The corporate team at Villaraza & Angangco (V&A Law)Comparative Guides promotional icon is noted for its 'good teamwork'; it is 'easy to deal with and can explain complicated matters surrounding any legal concerns'. Sector strengths include TMT, infrastructure, construction, renewable energy, healthcare and insurance. The firm maintains a busy corporate and M&A practice, which is also well versed in real estate projects and competition law. Recent work includes advising manufacturing company Fortune Packaging Corporation on a tri-party joint venture agreement between NP International (S) Pte., Fortune Packaging Corporation and GD International Co, which involves the incorporation, investment in and operation of an extrusion lamination and cup formation manufacturing plant. Raoul Angangco is well versed in corporate law and real estate; Sylvette Tankiang specialises in corporate, tax and banking; and Franchette Acosta advises public and private companies in various industries on M&A.


The firm is efficient, thorough and provides immediate feedback‘.

The team is always receptive and engaging‘.

Sylvette Tankiang is very responsive and authoritative. She answers difficult legal questions about corporate law in the Philippines‘.

Key clients

Fortune Packaging Corporation

Macrolink Holding Co.

Bricolage Holding

Fountel Corp.

Rosewood Hotels & Resorts (Asia Pacific)

China Telecommunications Corporation

Jolliville Holdings Corporation

Shopee Philippines and SPX Philippines

Work highlights

  • Advised manufacturing company Fortune Packaging Corporation on a joint venture agreement between NP International (S) Pte., Fortune Packaging Corporation and GD International Co.
  • Assists Bricolage Holding in the company’s expansion of the Mr. DIY retail business in the Philippines.
  • Assisted Rosewood Hotels & Resorts (Asia Pacific) in reviewing several contracts related to an intended project with a local entity for the establishment of a hotel.
  • Advised Shopee Philippines and SPX Philippines on regulatory requirements for tech and e-commerce companies.

Castillo Laman Tan Pantaleon & San Jose

Castillo Laman Tan Pantaleon & San Jose undertakes work across a range of industries including construction, energy and IT. Name partners Noel Laman and Polo Pantaleon lead the team.

Cruz Marcelo & Tenefrancia

Cruz Marcelo & Tenefrancia 'delivers in a timely manner and with reasonable rates'. The corporate team handles a varied mix of corporate, energy and infrastructure projects for its foreign and local clients, which include transport, agriculture, real estate, construction and energy companies. Among its recent highlights was the team's advice to Asian Terminals on the establishment of a PEZA Integrated Port Facility backed with service level agreements for provision of port terminal services; the firm assisted with the drafting of transaction documents and establishing the project company and its post-registration requirements. Aida Roxas-Rivera heads the corporate practice; Rosa Michelle Bagtas and associate Fernand Joseph Miranda are recommended.

Practice head(s):

Aida Roxas-Rivera


The firm has a very good grasp of the nuances of local government policies and links with regulatory agencies‘.

Rosa Michelle Bagtas and associate Fernand Joseph Miranda are very easy to talk to and accessible. They work proactively in conducting due diligence and coordinating with the regulatory agencies‘.

Key clients

Aboitiz Equity Ventures and Aboitiz Power Corporation

ABS-CBN Corporation

Dole Philippines

W Group

Samsung Electronics Philippines Corporation

Pilipinas Shell Petroleum Corporation


Sony Global Business Services

Unilever Group of Companies

Asian Terminals

PTFC Redevelopment Corporation

Total Philippine Corporation


Pilipinas Shell Petroleum Corporation

East West Rail Transit Corporation

Synchrogenix Philippines

Tradition Homes Project Managers Development

Work highlights

  • Advised Pilipinas Shell Petroleum Corporation on the spin-off of Connected Freight Solutions Philippines.
  • Advised Asian Terminals on the framework agreement for the establishment of a PEZA Integrated Port Facility and the provision of port terminal services.

Gatmaytan Yap Patacsil Gutierrez & Protacio (C&G Law)

Gatmaytan Yap Patacsil Gutierrez & Protacio (C&G Law) handles a range of corporate and commercial matters, from incorporation to dissolution of companies to large-scale M&A. The firm recently expanded its client base with several new clients, including companies in the healthcare and financial services sectors. In 2018, the firm was bolstered by the arrival of corporate, energy and infrastructure projects expert Annalisa Carlota from Asian Development Bank. Recent highlights include advising real estate developer Ayala Land and its subsidiaries Cebu Holdings and Cebu Property Ventures and Development Corporation on the merger between the latter two; a team led by Norma Margarita Patacsil advised the companies on corporate law, competition law and securities regulation. The team also benefits from several experienced associates, including Camille Maria Castolo and Katrine Paula Suyat, who were promoted to senior associate in 2018.

Key clients

Filinvest Development Corporation

JG Summit Holdings

Changi Airports Philippines (I) Pte

Philippine Airport Ground Support Solutions

Ayala Land

DBS Bank

Mizuho Bank


Standard Chartered Bank

United Overseas Bank Limited

JUUL Labs Inc.

wpd Wind Worldwide GmBH

ClassPass Inc.


Webb Fontaine Group FZ-LLC

Visa Worldwide Singapore Pte

Ayala Healthcare Holdings

HNA Group/Avolon Holdings

Work highlights

  • Advised on the merger of the main Cebu subsidiaries of Ayala Land.
  • Advised North Luzon Airport Consortium on the incorporation of a joint venture company for the operation, management and maintenance of terminals at Clark International Airport.

Picazo Buyco Tan Fider & Santos

Picazo Buyco Tan Fider & Santos works on a range of commercial transactions for both Philippine companies and foreign investors. Clients include banks, manufacturers and energy companies.

Platon Martinez Flores San Pedro & Leaño

Rachelle Aileen Santos and Hector Martinez head the corporate and M&A practice at Platon Martinez Flores San Pedro & Leaño. The firm counts leading multinational companies among its clients, which turn to the team for advice and representation in a range of corporate and commercial matters, including corporate restructuring, joint ventures and acquisitions. Highlights included acting for IKEA AG Supply on the establishment of an outlet in Manila. Name partner Carlos Platon is another key contact.

Other key lawyers:

Carlos Platon

Work highlights

  • Provided legal advice to IKEA AG Supply in connection with the establishment of an outlet in Manila.
  • Provided assistance in the corporate restructuring of Kinetic Worldwide Media Philippines.
  • Assisted in the restructuring of the Philippine branch of Omnicom.

Romulo Mabanta Buenaventura Sayoc & De Los Angeles

Romulo Mabanta Buenaventura Sayoc & De Los Angeles provides services relating to setting up businesses and incorporation, investments, regulatory compliance, international joint ventures and strategic alliances.

Zambrano Gruba Caganda & Advincula

Zambrano Gruba Caganda & Advincula acts for domestic and international companies as buyers and sellers in M&A transactions, and is also equipped to advise on merger control processes. The firm benefits from an alliance with Singapore-based law firm WongPartnership LLP and membership of the WPG Law Network, where firms in seven countries collaborate to provide clients in China, the ASEAN region and the Middle East with legal services. Lily Gruba specialises in corporate and commercial law. Other key partners in the team include Antero Jose Caganda and Angelo Patrick Advincula.

Key clients

Cosco Capital

DZ Card Philippines

DZ Philippines Holding Corporation

Del Rosario & Del Rosario

Del Rosario & Del Rosario is well known in the Philippine market for its expertise in the shipping and maritime sector. In this space, the team acts for cruise and shipping companies, insurers, P&I clubs and transport and logistics companies. Other clients include household name corporations in the technology sector. The firm's clients turn to it for a range of corporate and commercial law advice, and recent highlights include advising Team Tankers in the acquisition of a local manning company and the subsequent reorganisation of the company; Joseph Rebano and Saben Loyola led on the transaction.

Other key lawyers:

Joseph Rebano; Saben Loyola

Work highlights

  • Acted for Team Tankers in the purchase of a manning company.

Disini & Disini Law Office

Highly regarded firm Disini & Disini Law Office specialises in the technology sector, where it acts for household name multinational and local companies. Its corporate department advises on M&A, corporate governance, reorganisations and IPOs, among other areas. Managing partner JJ Disini has experience in foreign investment, corporate matters and project finance. Rowena Disini is another key contact.

Practice head(s):

JJ Disini; Rowena Disini

Key clients

UnionBank of the Philippines


Social Light

Fortun Narvasa & Salazar

Fortun Narvasa & Salazar is noted for its 'well-established structure'. It acts for companies in the pharma, real estate, natural resources, financial services and retail sectors, among others. The scope of its corporate and commercial practice is broad, encompassing sizeable transactions, corporate governance and litigation. Cross-border work included its advice to an Australian mining company on its sale of shares and assignment of debt in a mining company in the Philippines for $3.3m. Senior partner and corporate practice head Roderick Salazar draws on 32 years of experience.

Practice head(s):

Roderick Salazar

Key clients

Alkem Laboratories Corporation

Canon Business Service Center Philippines

GHL Systems Philippines

Island Cove Resort Corporation

Kinergy Corporation Limited

Juwi Renewable Energy Projects

Sunshine Gold

Roedl Philippines

Work highlights

  • Advised Juwi Renewable Energy Projects on the sale of shares in a renewable energy company in the Philippines for $3.2m.
  • Advised an Australian client on its sale of shares and the assignment of debt in a mining company in the Philippines.
  • Advised Roedl Philippines incorporation requirements, registration of a foreign company and permanent establishment issues.

Gorriceta Africa Cauton & Saavedra

Gorriceta Africa Cauton & Saavedra excels in corporate and M&A and capital markets, and the firm has also expanded its offering to include litigation, IP and real estate. It has specialist expertise in legal issues relevant to the TMT sector. In a cross-border transaction, a team led by managing partner Mark Gorriceta advised Xurpas on its acquisition of Art of Click, a Singapore-based mobile and digital advertising company. In other work, the team advised Apppps Partners in drafting and signing an agreement with Ayala HealthCare Holdings; the latter invested PHP20m in the former's AIDE App, which provides health services to patients in their own homes.

Practice head(s):

Mark Gorriceta

Other key lawyers:

Kristine Torres

Key clients

Apppps Partners


DM Wenceslao & Associates

Business Process Outsourcing International

Sunnies by Charlie

Alpha Omega Capital

Work highlights

  • Advised Apppps Partners on its acquisition by Ayala HealthCare Holdings.
  • Represented Xurpas in the acquisition of Singapore-based Art of Click.

Gulapa & Lim (Gulapa Law)

At Gulapa & Quicho (Gulapa Law), founding partner Aris Gulapa 'runs the team very well'; the firm's corporate department acts for clients in a varied range of corporate and commercial matters. The firm expanded further since the opening of its New York office in 2017 by establishing a new San Francisco office in 2018; through these offices, the firm assists Filipinos in the US who require counsel for Philippine-based matters, as well as US-based investors looking to expand into the Philippines or ASEAN market. The partner-level team has also expanded, with the promotion of Melissa Chavez-Dee to partner in 2018 and Jose Angel Machuca in 2019. In recent work, the team advised software company Day1Tech on its incorporation in the Philippines, and the team continues to assist the company with day-to-day legal matters.


Gulapa Law has a very young team led by an experienced leader. This combination allows them to excel on two levels: first, the client enjoys the benefit of an experienced partner, and second, the attention to detail that young lawyers possess‘.

Aris Gulapa is always knowledgeable on the matter at hand; he is also very client-centric‘.

Key clients

Phil Jacobe Ventures

STMPI Doing Business under the Name Duke Software Development Center

Francorp Philippines

Maria Francesca Tan Group of Companies

APO-UGEC Security Printing Joint Venture

Madison Capital Funding LLC


Europe Emirates Group

Work highlights

  • Represented Phil Jacobe Ventures in the acquisition of the right to operate a US-based bakery brand in the Philippines
  • Assisted Day1Tech in incorporating a business in the Philippines and advising the company on its day-to-day activities.
  • Advising Francorp Philippines with the preparation of franchise agreements.
  • Advised a consumer goods and services company on the drafting and implementation of a master franchise agreement to allow the opening of a food chain in Singapore.

Mosveldtt Law

Established in 2009, Mosveldtt LawComparative Guides promotional icon is a full-service firm that acts for a diverse range of local and multinational clients. In the field of corporate and business law, the team advises on cross-border acquisitions, joint ventures, regulatory matters, compliance and corporate governance issues. It particularly stands out for its expertise in the energy, water and utilities sectors. In one highlight, it acted for Laguna AAAWater Corporation in its contractual joint venture with the Pagsanjan Water District for the design, financing, construction and management of the water supply and sanitation facilities in Pagsanjan; Jerry Coloma and Aldrich Fitz Dy led the team. Other key contacts at the partner level include Rodolfo Tuazon, and the firm has also seen recent growth at the associate level with several recent hires.

Work highlights

  • Acted as legal counsel for Laguna AAAWater Corporation in its joint venture with the Pagsanjan Water District.
  • Advised Ayala on the due diligence for the acquisition of 49% of the shares of stocks of BF Jade E-Services Philippines.

Ortega Bacorro Odulio Calma & Carbonell

Ortega Bacorro Odulio Calma & Carbonell's primary focus areas are shipping and intellectual property, though it is also equipped to provide corporate and commercial law advice to its clients, and it also handles cross-border M&A. The firm maintains longstanding relationships with its clients, many of which have been seeking the firm's advice and representation for several decades. In corporate and M&A, Renato Calma is the name to note.

Practice head(s):

Renato Calma

Key clients

Glaxo SmithKline



NBA Properties


Lincoln Electric

The Harris Group

Emperador Distillers

Samsung Electronics

Emperador Distillers

Ocampo Manalo Valdez & Lim

Ocampo Manalo Valdez & Lim undertakes work across a range of sectors and industries. Clients include Coca-Cola FEMSA, Best Western Oxford Suites Makati, Columbian Autocar and Guam Regional Medical City.

Poblador Bautista & Reyes

Poblador Bautista & Reyes assists foreign and domestic clients with a range of transactions. Mario Luza Bautista is a key name in the department.

Puno & Puno Law Offices

Puno & Puno Law Offices advises on M&A in regulated industries. Managing partner Roderico Puno  is the key name.

Siguion Reyna, Montecillo & Ongsiako

Siguion Reyna, Montecillo & Ongsiako's work includes a wide range of corporate work such as the sale of Philippine Rubber Project Company (a Goodyear wholly-owned subsidiary) to a local cooperative, and the listing of Fastech shares on the Singapore Stock Exchange. The key contact is Edgardo Balois.

Belo Gozon Elma Parel Asuncion & Lucila

Belo Gozon Elma Parel Asuncion & Lucila handles all aspects of corporate law for Philippine and international companies. The team includes founding partners Felipe Gozon and Magdangal Elma.


All areas of corporate law are undertaken at JGLaw, including M&A. Industry sectors include energy and telecoms.