Just recently, the Securities and Exchange Commission (SEC) issued Memorandum Circular No. 16, series of 2019 providing for guidelines on the number and qualifications of incorporators under Section 10 of the Revised Corporation Code (RCC). As compared with the previous Corporation Code where in...
On 08 July 2019, the Securities and Exchange Commission SEC issued Memorandum Circular 14-2019 or the “Rules and Regulations Governing Crowdfunding”. The following is the summary of the salient provisions of the said circular: Coverage.The rules shall primarily govern the operation and use of...
In Revenue Memorandum Circular (RMC) No. 60-2019, the Bureau of Internal Revenue (BIR) clarified that documentary stamp tax (DST) shall not be imposed in case of a transfer of a real property by an Ecozone Developer/Operator duly registered under PEZA to another PEZA entity, provided that such sa...
In its SEC-OGC Opinion No. 19-28, the Securities and Exchange Commission clarified the import of Section 11 of the Revised Corporation Code concerning the extension of corporate term to perpetual existence, which provides, to wit: “SEC. 11. Corporate Term. – A corporation shall have perpetual ex...
On 13 June 2019, the Bureau of Internal Revenue (BIR) issued Revenue Regulations No. 7-2019 ("RR 7-2019") providing for qualifications on who are considered as top withholding agents. Under RR 7-2019, top withholding agents are those taxpayers whose gross sales/receipts or gross purchases or cla...
With the increasing volume of information collected and processed by a business unit, the trend now for data storage is through the cloud. Cloud storage offers users easy access to data and documents through the internet. No matter where you are in the world, the data or document can be accessed ...
Republic Act No. 11232, otherwise known as the Revised Corporation Code of the Philippines (RCC), introduced several innovations committed to improve the ease of doing business in the country. One of the most prominent inclusions in the RCC is the concept of a One-Person Corporation (OPC), or a c...
Information is considered as one of the important organizational assets and plays a critical role to the success of a business. It is a powerful tool in a data-driven economy. Given this, information is required to be protected and entities are made to be accountable on what they do with the info...
“The study of tax is an intricate and complex one,” is a phrase too often heard among lawyers and law students. Tax remedies, though regarded as a significant aspect of taxation, is often seen as too complex for ordinary taxpayers to understand but far too important to be ignored. Lily K. Gr...
Private M&A is a comprehensive overview of the laws and regulations governing cross-border private mergers and acquisitions in jurisdictions worldwide. Topics covered include: legal structures and regulations; commonly appointed advisors; documentation and formalities; due diligence and disclos...
With a developing legal industry background, finding the best in various domains of the legal profession has become a necessary practice for patrons. Who's Who Legal (WWL) is an independent research led by Law Business Research Ltd., which identifies over 23,000 of the world's leading lawyers and...
Asia Business Law Journal named Zambrano Gruba Caganda & Advincula (ZGLaw)'s very own managing partner, Lily K. Gruba, as one of Philippines' top 100 lawyers in its “A-List”. Lily Gruba, in the editorial published by Asia Business Law Journal, is remarked as one of the leading women lawyers, “w...
It is a widespread and usual practice by companies to advertise jobs by indicating the preferred age and other personal criteria for the positions they offer. As a result of the selective age preference, employment opportunities were limited only to those who would fit the specified age group. Ho...
On 6 July 2017, ZGLaw agreed to collaborate and enter into a strategic alliance with WongPartnership LLP (“WongPartnership”). WongPartnership is one of the biggest and most awarded law Firms in Singapore and the region, with practices in China, Malaysia, Indonesia, Myanmar, the middle East and...
Contributor: Karen Kate C. Pascual Antitrust laws, also referred to as “competition laws”, are statutes developed to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy. Competition laws regulate and prohibit several questionable...
Contributors: Artemio P. Calumpong and Lorenzo Jared J. Briones (October 2016) “Endo” is the twin brother of the drug monster that also needs to be slain, so says the Duterte administration. “Endo” is layman's term for end of employment contract. It is the date indicated on the employment cont...
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R.A. NO. 10911: ELIMINATING AGE DISCRIMINATION IN EMPLOYMENT