Going Green: Sustainable Business Practices for a Sustainable Future
By: Atty. Ma. Katrina Rafaelle M. Ortiz August 28, 2024 – In today’s evolving business environment, the pursuit of profit remains as an important objective for businesses and other economies. However, there are recent shifts in stakeholder priorities which indicates that profit alone is no longer the primary concern. Key stakeholders like investors, customers, and …
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The Rising Need for AI Governance
By: Atty. Edsel Tupaz May 3, 2024 – ARTIFICIAL intelligence (AI) has become a major disruptor in industries and workplaces worldwide. Rapid developments in the strength and efficiency of AI systems in solving longstanding problems have turned the once niche tech into an essential productivity tool.
Getting to Know You, The AMLA Way
By: Atty. Marisol O. Sison August 28, 2024 – Customer due diligence in the financial industry is akin to getting to know someone before embarking on a long-term relationship. Just as individuals assess compatibility, potential red flags, and shared values, covered persons (e.g. Banko Sentral ng Pilipinas supervised entities, Securities and Exchange Commission supervised entities, …
Watt’s Next: The MMDA’s Ban on E-Bikes and E-Trikes
By: Atty. Hans Richmond Ong September 4, 2024 – It is no secret that Filipinos love cars. The impressive vehicle sales performance for the first quarter of 2024 showing a 12.7% increase year on year[1] is clear indication of the auto industry’s recovery from the COVID-19 pandemic-induced slump[2].
Retail Reboot: Unboxing the Internet Transactions Act of 2023
By: Atty. Ellice Edlyn L. Crescini October 1, 2024 – The COVID-19 pandemic forced everyone to change the way they shop. Some of those changes, like the urge to hoard face masks and alcohol, were short-lived. But other fundamental changes appear to be here to stay. While e-commerce was a buzzword some years ago, today …
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ESG Investing and Sustainability Reporting in the Philippines
By Atty. Kristine Torres and Atty. Mark S. Gorriceta January 31, 2025 – In recent years, we have seen a transformative shift in how investments are evaluated by incorporating environmental, social and governance (ESG) factors in investment decision-making. Beyond profitability, investors look through a business’ sustainability by evaluating environmental and societal contributions, and governance practices …
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Now Loading…VAT on Digital Services
By: Atty. Karlene Erika Liao February 18, 2025 – On October 2, 2024, President Ferdinand R. Marcos, Jr. signed into law Republic Act No. 12023 or the Value-Added Tax (VAT) on Digital Services Act (the “Act”), which aims to ensure equitable tax treatment of all digital businesses providing services in the Philippines and generate much-needed …
It’s More (Re)Fun(d) in the Philippines – A VAT Refund Legislation for Foreign Tourists!
By: Atty. Gerard Ceasar S. Baguio February 28, 2025 – What better way to end a vacation than claiming Value-Added Tax (VAT) or Sales Tax refunds as you wait for your flight back home? Many countries recognize the benefit of encouraging tourists to shop locally by offering these refunds. However, for foreign visitors to the …
How Businesses Can Protect Their Brand Names
By Atty. Micaela Kristina Galvez & Atty. Mark Gorriceta February 28, 2025 – There is growing complexity and competitiveness in brand management in the global market.
Economou & Co LLC Achieves Landmark Mareva Injunction Against State
In a notable recent success, our arbitration team obtained a Mareva injunction (prohibitory order) against a state, marking a significant victory in a multi-million-dollar dispute.