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Quisumbing Torres

12TH FLOOR, NET ONE CENTER, 26TH STREET CORNER 3RD AVENUE, CRESCENT PARK WEST, BONIFACIO GLOBAL CITY, TAGUIG 1634, PHILIPPINES
Tel:
Work +63 2 819 4700
Fax:
Fax +63 2 816 0080
Email:
Quisumbing Torres, Christina Macasaet-Acaban, Manila, PHILIPPINES

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Christina Macasaet-Acaban

Tel:
Work +63 2 819 4947
Email:
Baker McKenzie

Work Department

Maria Christina Macasaet-Acaban is a partner and heads the Corporate & Commercial Practice Group, Healthcare Industry Group, and Competition Focus Group in Quisumbing Torres, a member firm of Baker & McKenzie International. She is a member of Baker & McKenzie International's Asia Pacific Healthcare Steering Committee, and the Asia Pacific Competition Steering Committee.

Position

Christina's practice focuses on mergers and acquisitions, antitrust and competition, foreign investments, and corporate reorganizations and restructuring for a range of industries including pharmaceuticals and healthcare, outsourcing, information technology, real estate, financial services and consumer goods.

Representative matters:

Advise a global healthcare products company in the [a] sale to a top real estate property developer of client's shares in a Philippine company that owns the land on which client's facility was situated, the client's building and related improvements and accessories, and [b] the termination of the lease between client and the company that owns the land.

Assist an American multinational company serving the combined industries of health information technologies and clinical research in its proposed acquisition of a global provider of software and service solutions for the Life Sciences industry by way of a stock purchase.

Assist an Australian holding company that manufactures plastics packaging and other products for customers in food, dairy, beverage, chemical, agricultural, industrial, and other sectors in the conduct of a limited due diligence in connection with the proposed acquisition of 100% of the shares in the Philippine subsidiary of a global leader in plastic closure design, manufacturing and high speed capping equipment/application systems. Assist client in the review of the transaction documents related to the sale, as well as the drafting and preparation of the documents submitted to the Philippine Competition Commission for the transaction.

Represent the largest state-owned transmission and distribution company in China in its participation in a consortium that was awarded the concession to finance, operate, manage, and maintain the assets and facilities of a government-owned and controlled corporation with the sole franchise to engage in the business of the transmission of electricity in the Philippines.

Assist the non-bank subsidiary of American multinational banking and financial services corporation in (a) establishing its shared services operations in the Philippines, obtaining PEZA registration therefore, and negotiating its lease and other contracts for operation; and (b) the sale and transfer of assets to an American multinational financial services corporation, including obtaining PEZA approval therefore, amending its site arrangements in light of the transfer, and in relation to the closure and cessation of its operations.

Assist a NYSE-listed company providing analytic data platforms, analytic applications and related services in the Philippine aspect of the sale of its marketing applications business to a privately-owned software outsourcing company in Asia. Assist and advise on various corporate matters, including government regulatory registrations and approvals, sublease agreement with shared facilities, and advice on bulk sales law.

Assist a leading Japanese global research-based pharmaceutical company, in the following transactions following the global acquisition of another multinational pharmaceutical company, leading to the integration of client’s entities in the Philippines: (i) buy-out of client's Philippine subsidiary in order for the client to wholly-own legacy; (ii) establishment of the client's new entity in the Philippines; (iii) transfer of assets and product registrations of target companies to client's entity.

Assist a US-based multinational financial services corporation in (a) acquiring the business of a PEZA registered IT analytics company, establishing the client’s entity in the Philippines, obtaining PEZA approval therefor, and in preparing and negotiating contracts for operation, and (b) the sale of its Webhosting Platform and Press Release Distribution Platform and structuring the transaction to address regulatory approvals in the Philippines.

Advise a global online technology platform company on the following matters: (i) legal issues in connection with its activities and operations in the Philippines, (ii) structure of client's entity in the Philippines, (iii) legal requirements in connection with client's activities and operations in the Philippines, and (iv) review of the terms and conditions of the contractual arrangements for the operations in the Philippines.

Assist a major Philippine telecommunications provider in its joint venture with a Mexican medical services provider which will operate a health hotline service in the Philippines.

Advise a global provider of in vitro diagnostics on its proposed operations in the Philippines, including the distribution of medical devices, following acquisition by a multinational private equity from a multinational medical devices, pharmaceutical and consumer packaged goods manufacturer.

Assist an American publicly-traded company in the sale of its land located in a special economic zone registered with the PEZA to a real estate developer, and its facility and equipment located on the land to a subsidiary of a European food ingredients company.

Advise a Japan-based and one of the world's largest makers of passive electronic components on legal requirements, and review of documents, for the purchase of an industrial property site, including foreign equity restriction on land ownership in the Philippines and general procedures and requirements to establish a corporation in the Philippines.

Career

Trained Philippines; qualified 1999; Ms Macasaet-Acaban has been with the firm since 2001, junior associate in the corporate and commercial practice group, promoted to partner in 2009.

Publications:

  • Co-author, "Doing Business in the Philippines", EU-Philippines Business Network (2017)
  • Co-author, "Philippine Competition Commission Issues Rules on Merger Procedure", Client Alert, Quisumbing Torres (2017)
  • Co-author, "Philippine Competition Commission Issues the Interim Rules on Preliminary Inquiry and Full Administrative Investigation", Client Alert, Quisumbing Torres (2017)
  • Co-author, "Philippine updates: Asia Pacific Food Law Guide", Baker McKenzie (2016)
  • Co-author, "Philippine chapter: Global M&A Handbook", Baker McKenzie (2016)
  • Co-author, "Philippine chapter: Asia Pacific Healthcare MapApp", Baker McKenzie (2016)
  • Co-author, "Philippine chapter: ASEAN Pharmaceutical Harmonization Guide", Baker McKenzie (2016)
  • Co-author, "Philippine chapter: Asia Pacific Antitrust & Competition Law Guidebook", Baker McKenzie (2016)

Languages

English; Filipino; Basic Spanish.

Member

  • Integrated Bar of the Philippines
  • International Bar Association
  • American Chamber of Commerce of the Philippines

Education

University of the Philippines (LL.B. cum laude, Awardee, Dean's Medal for Academic Excellence) (1998); Ateneo de Manila University (B.S. Legal Management) (1994)


Philippines

Corporate and M&A

Within: Leading individuals

Christina Macasaet-Acaban - Quisumbing Torres

Within: Corporate and M&A

Quisumbing Torres¬†‚Äėunderstands the requirements of US-based companies, is responsive and provides advice in keeping with the regulatory and risk environment‚Äô. It provides advice on all aspects of corporate and commercial transactions including foreign investment structuring, dispositions of corporate assets and reorganisations. The practice takes an industry-aligned approach and has a focus on the retail, energy, infrastructure, finance, industrial manufacturing and services sectors. The team also has particular expertise in healthcare sector work. Clients include Allianz, Johnson & Johnson and Pilipinas Shell Petroleum Corporation. Christina Macasaet-Acaban¬†heads the team, supported by Pearl Liu, Dennis Quintero¬†and Alain Veloso,¬†who was promoted to partner. Elizabeth Ope√Īa¬†left the firm. Timothy Mendoza¬†joined from Picazo Buyco Tan Fider & Santos.

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