Republic Act No. 11765: An Act Affording More Protection to Consumers of Financial Products and Services
Financial Products and Services Consumer Protection Act On May 06, 2022, Republic Act (RA) No. 11765, or the Financial Products and Services Consumer Protection Act, was signed into law. It aims to provide more protection to consumers of financial products and services against abusive and fraudulent practices by strengthening the powers of financial regulators, laying …
Philippines: BIR Updates its Procedures for Claiming Tax Treaty Benefits
In March 2021, the Philippine Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order No. 014-21 (the Memorandum), which streamlines the procedures for non-resident corporations and other juridical entities (collectively “non-resident taxpayers”) to access Philippine tax treaty benefits.
Tax Updates August 2020 (SyCipLaw Tax Issues and Practical Solutions (TIPS) Vol. 2)
SyCipLaw’s Tax Department prepared a TIPS bulletin for the month of August.
Tax Updates July 2020 (SyCipLaw Tax Issues and Practical Solutions (TIPS) Vol. 1)
SyCipLaw’s Tax Department has prepared T.I.P.S. covering the following tax issues:
Philippine Legislation in the Pipeline: Can They “De-contract” the Economy?
Analysts predict that the Philippine economy may contract by as high as 9% in the second quarter of 2020. The country’s financial managers and some policymakers are asking that Congress prioritize some key bills — the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), the Digital Economy Taxation Act, and An Act Ensuring Philippine …
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Corporate Governance in the Time of COVID-19: Navigating New Horizons
The COVID-19 pandemic has forced companies to change the way that they do business. The fact that the National Capital Region is currently under a Modified Enhanced Community Quarantine (MECQ), and prior to that, was under Enhanced Community Quarantine (ECQ) for two months since 16 March 2020, makes it difficult for Philippine domestic corporations to navigate …
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SyCipLaw’s Doing Business in the Philippines: A General Guide (2020 Update)
SyCip Salazar Hernandez & Gatmaitan’s (SyCipLaw) publication about the general guidelines in doing business in the Philippines has been updated. It aims to showcase the Philippines as an attractive venue for business ventures, to guide the businessmen and lawyers alike in their business decision making, and to help investors restart the Philippine economy in connection …
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COVID-19 Legal Briefing: Focus on Litigation and Dispute Resolution
The enhanced community quarantine (ECQ), declared over many areas in the Philippines, including the island of Luzon where the National Capital Region is located, has caused significant business disruption[1]. As in other jurisdictions, there are concerns that the country will see a rise in contract disputes and foreclosures, and even businesses invoking laws on suspension …
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COVID-19 Legal Information Briefing: Focus on TMT
The Philippine Government has issued a slew of resolutions and circulars as part of its response to the COVID 19 pandemic and unsurprisingly, a number of legal and practical issues have beset businesses and persons under the Luzon-wide enhanced community quarantine (ECQ).[1] Like the rest of the world, the country is bracing itself for a new …
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Philippine Chapter of Getting the Deal Through: Labour & Employment 2018
Getting the Deal Through has published the 13th edition of Labour & Employment, which is available in print, as an e-book, and online. The Philippine chapter was contributed by SyCipLaw partner Ronald Mark C. Lleno, with support from senior associate Emmar Benjoe B. Panahon and associate Hans Cedric I. Santos.