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  • Article

    New Guidelines On Sustainability-Linked Bonds Issuance Now Available

    The Securities and Exchange Commission ("SEC") issued Memorandum Circular No. 3, Series of 2023 or the Guidelines on the Issuance of Sustainability-Linked Bonds Under the ASEAN Sustainability-Linked Bond Standards...
    PhilippinesLaw Department Performance
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Proving Control Online: New Supreme Court Guidelineson Social MediaAccounts In Criminal Litigation

    Digital footprintsmatter. The Supreme Court hasoutlined how prosecutorsand defenseteamscan establish social media account ownershiporaccessandauthorshipofasocial mediapost or privatemessage.
    PhilippinesMedia, Telecoms, IT, Entertainment
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    BSP Clarifies Exclusions From Real Estate Loan Limit And Stress Test

    On 28 April 2023, the Bangko Sentral ng Pilipinas ("BSP") issued Memorandum No. M-2022-039 and clarified the definition of infrastructure projects for public use as indicated in Section 363-A...
    PhilippinesReal Estate and Construction
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    A Pax Silica Cheat Sheet For Business Cocktails And Other Occasions

    The US-led Pax Silica initiative offers the Philippines a chance to strengthen its position in the global semiconductor supply chain for AI and advanced technologies. While the country has signed on and plans an industrial hub in New Clark City, questions remain about environmental impacts and whether the economic promises will materialize without a clear industrialization strategy and investment in local talent.
    PhilippinesTechnology
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC Revises Recent Draft Circular On Online Lending Platforms; Issues A New Version

    The Securities and Exchange Commission of the Philippines has issued a revised draft circular addressing the regulation of online lending platforms, introducing significant changes from its initial March 2026 proposal. The new guidelines aim to lift the existing moratorium on new online lending platforms while establishing comprehensive prudential, disclosure, and market conduct requirements for financing and lending companies operating in the digital space.
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    The FIST Act (Republic Act No. 11523): A Relief Measure For The Philippine Banking Industry

    Republic Act No. 11523, also known as "An Act Ensuring Philippine Financial Industry Resiliency Against the COVID-19 Pandemic" (FIST Act).
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Insurance Commission Invites InsurTech Enterprises 31 July 2020 To Play In Regulatory Sandbox

    ICL 2020-73 seeks to strike a balance between promoting innovation and consumer protection.
    PhilippinesInsurance
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Tax Updates May-June 2024 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Double Edition Vol. 32)

    SyCipLaw's Tax Department has prepared a double edition of its Tax Issues and Practical Solutions (T.I.P.S.) for May-June.
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Tax Updates November 2021 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Vol. 14)

    1. Is a letter informing the Bureau of Internal Revenue (BIR) that the taxpayer is "in the process of compiling necessary documentation" a valid protest?
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Amendments To The Anti-Money Laundering Act

    The Anti-Money Laundering Act (AMLA) has been further amended by Republic Act No. 11521,1 which took effect on February 8, 2021 (or immediately after its publication in the Official Gazette).
    PhilippinesGovernment, Public Sector
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Philippine Laws And Jurisprudence On Electronic Signatures

    There has been a notable increase in the use of electronic signatures for various transactions during the imposition of quarantine restrictions to address the COVID-19 pandemic.
    PhilippinesGovernment, Public Sector
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Philippine Congress Set to Enact New Securitization Law

    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Offshore Wind Renewable Energy: The Next Frontier For Philippine Energy?

    Offshore wind (OSW) appears positioned to play a transformational role in the Philippines' energy landscape by hopefully delivering massive generation capacity aligned with national decarbonization targets.
    PhilippinesEnergy and Natural Resources
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    BSP Amends Miscellaneous Rules On Deposits

    On December 14, 2022, the Bangko Sentral ng Pilipinas ("BSP") issued Circular No. 1163, series of 2022 and amended the miscellaneous rules on deposits under Section 276 of the Manual...
    PhilippinesFinance and Banking
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Tax Updates February 2021 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Vol. 8)

    SyCipLaw's Tax Department prepared a TIPS bulletin for the month of February.
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Tax Updates September-November 2025 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Mega Edition Vol. 41)

    SyCipLaw's Tax Department has prepared a mega edition of its Tax Issues and Practical Solutions (T.I.P.S.) for September to November 2025.
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    Tax Updates February 2024 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Vol. 30)

    Republic Act No. 11976,is a new law that introduces key administrative tax reforms and amendments to several provisions of the National Internal Revenue Code of 1997, as amended to reduce tax compliance costs ...
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    SEC Issues Regulations To Implement Financial Consumer Protection Act

    On 25 April 2023, the Securities and Exchange Commission ("SEC") issued Memorandum Circular No. 5, series of 2023 (link here) and adopted the SEC Rules and Regulations of the Financial Products...
    PhilippinesConsumer Protection
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    BIR Issues Clarifications On VAT Zero-related Transactions In Revenue Regulations No. 21-2021

    Prior to the implementation of the Corporate Recovery and Tax Incentives for Enterprises Act (the CREATE Act), the Philippines adhered to the "cross-border doctrine", under which ecozones and freeport zones...
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan
  • Article

    TIPS Tax Issues And Practical Solutions

    Yes, if there is a showing that they actively participated in or had the power to prevent the company's wrongful act but were grossly negligent. In Fernandez, et al. v. People of the Philippines...
    PhilippinesTax
    SyCip Salazar Hernandez & Gatmaitan
    SyCip Salazar Hernandez & Gatmaitan

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