Non-bank credit card issuers subject to new Bangko Sentral Regulations
June 27, 2018
To ensure that credit card issuers have the capacity to deliver services efficiently and securely, management must implement appropriate risk management and control systems.
Much EndO about nothing
June 13, 2018
President Duterte says he has put an end to the “Endo” or the practice of engaging employees on a contractual basis. But has he?
Joint Venture Guidelines of the Philippine Reclamation Authority
May 30, 2018
The Guidelines govern all JVAs formed for the development and disposition of PRA’s existing properties and projects.
The TRAIN in the eyes of the DOF and BIR
May 25, 2018
Government bodies diverge in their interpretation of the Tax Reform for Acceleration and Inclusion Act.
The Philippine Anti-Money Laundering Commission extends compliance requirement
May 23, 2018
Jewellery dealers, dealers in precious metals and dealers in precious stones are now deemed covered persons.
Philippines: Proposed rules and regulations on crowdfunding
March 26, 2018
Crowdfunding (CF) platforms have proven to be a popular way to solicit charitable donations and to raise funds for projects or business ventures …
Updates on Data Privacy Law Compliance in the Philippines
February 28, 2018
Phase II Registration with National Privacy Commission …
Revised guidelines for continuous trial of criminal cases in the Philippines
January 29, 2018
Recent measure to address judicial delays …
Philippines: Bureau of Internal Revenue Clarifies Taxes on Offshore Gaming
January 24, 2018
The Bureau of Internal Revenue (BIR) issued Revenue Circular No. 102-2017 clarifying the tax imposed on entities engaged in Philippine offshore gaming operations …
Law Passed Strengthening Consumer Protection in the Philippines
January 9, 2018
On December 19, 2017, the Gift Check Act of 2017 (Republic Act No. 10962) was signed into law …
Casino Covered by Philippine Anti-Money Laundering Laws
January 2, 2018
The Philippine government has expanded anti-money laundering laws to include casinos, including internet and ship-based casinos …
Virtual currency in the Philippines: Recognition and regulation
December 27, 2017
Bitcoin is essentially a virtual currency (VC), which is any type of digital unit that is used as a medium of exchange — a veritable currency that exists in the digital world. Since it is electronic currency, VC is easily transferable and can be used to pay for goods and services sold through the internet …
Philippine rules on merger procedure
December 27, 2017
The Philippine Competition Commission issued the Rules on Merger Procedure which explain the timing for the filing of a notice for covered transactions, the procedure for notification, Phase 1 and Phase 2 review and other matters, including confidentiality claims …
Philippines: Timing for Notification under the PCC Rules on Merger Procedure
November 29, 2017
The Philippine Competition Commission published its Rules on Merger Procedure …
Protection of women employees in the Philippines
November 17, 2017
According to the World Economic Forum’s Global Gender Gap (GGG) Report conducted in 2016, the Philippines is the most gender-equal country in the Asia-Pacific region, having closed nearly 79 percent of its gender gap …
Anti-Trust & Competition: Philippines – Towards robust yet balanced competition in the Philippines
November 16, 2017
The state of Philippine competition regulation has been slowly taking shape barely over two years after the passage of the Philippine Competition Act (RA 10667) …
PHILIPPINES: The internet and doing business in the Philippines
October 13, 2017
Earlier this year, the Philippines Securities and Exchange Commission (SEC) issued an opinion stating that an online gaming system with absolutely no physical presence in the Philippines shall be considered as “doing business” in the Philippines and was thus required to obtain a licence to do business from the SEC …
Joint Venture Agreements with Philippine Local Government Units as Public-Private Partnership Modality
September 27, 2017
The Duterte Administration is poised to fund its aggressive infrastructure program internally and through official development assistance …
Philippines: Psychological disorders in the workplace
August 31, 2017
The problem of mental health presents a particular conundrum under labour relations and standards …
Update on Data Privacy Law Compliance in the Philippines
August 29, 2017
Automated Decision-Making Operations, Institutions Likely to Pose Threats to Data Subjects and Phase 1 and Phase 2 of Registration with the NPC …
Philippine Competition Commission Merger Review Guidelines
July 25, 2017
On 23 March 2017 the The Philippine Competition Commission (PCC) released the Merger Review Guidelines …
Clarifying the role of contractors and subcontractors
July 17, 2017
Recent changes to labour laws in the Philippines attempt to clarify the status of contractors and subcontractors in certain industries …
Fake news and its web of legal issues in the post-truth era
May 23, 2017
Oxford Dictionaries’ Word of the Year for 2016 is “post-truth” — an adjective defined as “relating to or denoting circumstances in which objective facts are less influential in shaping public opinion than appeals to emotion and personal belief”. …
Dollar-denominated securities in relation to Corporation Code’s provisions on capital
April 18, 2017
The Philippines Stock Exchange (PSE) issued rules on December 2, 2016 governing the listing, trading and settlement of US dollar-denominated securities (DDS)….
Dollar-denominated securities in relation to Corporation Code’s provisions on capital
April 18, 2017
The Philippines Stock Exchange (PSE) issued rules on December 2, 2016 governing the listing, trading and settlement of US dollar-denominated securities (DDS)….
Dollar-denominated securities in relation to Corporation Code’s provisions on capital
April 18, 2017
The Philippines Stock Exchange (PSE) issued rules on December 2, 2016 governing the listing, trading and settlement of US dollar-denominated securities (DDS)….
Dollar-denominated securities in relation to Corporation Code’s provisions on capital
April 18, 2017
The Philippines Stock Exchange (PSE) issued rules on December 2, 2016 governing the listing, trading and settlement of US dollar-denominated securities (DDS)….
Cyber bullying in the Philippines
March 14, 2017
The pen is mightier than the sword or so the adage goes. When this was once said, it was to highlight the power of thoughts and ideas over brute force and violence as a way to effect change. Today, the pen can …
Uber/GrabCar drivers: Independent contractors or employees?
February 3, 2017
The buzz about the legality of Uber and GrabCar operating in the Philippines might have died down, but now there is another legal issue surrounding them: whether their drivers are employees or …
Price fixing in the context of the Philippine Competition Act
January 5, 2017
In light of the enactment of the Philippine Competition Act (PCA) in 2015, competitors, manufacturers, retailers and sellers or suppliers, in general, should be …
Implementation of the data privacy act in Philippines now in full swing
November 11, 2016
Since 2012, the Philippines has had a comprehensive law governing personal data privacy. However, full implementation …
Anti-Trust & Competition Special Report
October 14, 2016
Keeping Hong Kong competitive Rose Webb, chief executive officer of the Competition Commission of Hong Kong, talks about the city’s new Competition Ordinance. Recent examples of consent decrees in Korea and their implications The system, introduced in 2011, is expected to be used more actively in the future as companies have begun to view it as a viable way to resolve free-trade cases, write Chang-Ho Kum, Kenneth T Kim and Jin Woo Hwang of Yoon & Yang. Levelling the playing field in the Philippines Until last year, the Philippines was the only founding member of Asean that did not have a comprehensive competition law in place. Francisco Ed Lim, Patricia-Ann T Prodigalidad, Eric R Recalde of ACCRALAW review the Philippine Competition Act. India: The ‘single economic entity’ defence Although India’s competition law framework is in its early stages, the Competition Commission has reviewed several cases where the ‘single economic entity’ defence has been raised. Ritika Ganju and Ankur Verma of Phoenix Legal analyse the precedent.