Cruz Marcelo & Tenefrancia co-hosts Arbitration Seminar with King & Spalding
Cruz Marcelo & Tenefrancia (“CMT”), in partnership with King & Spalding (“K&S”), hosted a seminar on Arbitration on 26 July 2019 entitled “Protecting the Interests of Philippine Companies Through Arbitration”. The seminar was held at the Grand Hyatt Manila in Bonifacio Global City, Taguig. CMT Partner Jacques S. Lynn hosted the event and delivered the
Read MoreSEC Issues Revised Guidelines on Securities Deposit of Branch Offices
The Securities and Exchange Commission (“SEC”) issued on 31 July 2019 its Memorandum Circular No. 17, Series of 2019 (the “Revised Guidelines”) entitled “Revised Guidelines on Securities Deposit of Branch Offices of Foreign Corporations,” superseding SEC Memorandum Circular No. 2, Series of 2012, the previous guidelines on securities deposit of branch offices. The Revised Guidelines
Read MoreDOF issues Regulations on Estate Tax Amnesty under the Tax Amnesty Act
The Department of Finance (“DOF”) has issued Revenue Regulations No. 06-2019 (“RR 06-2019”), implementing the provisions of Estate Tax Amnesty under Title II of Republic Act No. 11213, otherwise known as the “Tax Amnesty Act”. The Tax Amnesty Act provides a one-time opportunity to settle estate tax obligations through an estate tax amnesty program that
Read MoreSEC Amends Memorandum Circular No. 17, Series of 2018, on the Revision of the General Information Sheet (“GIS”) to Include Beneficial Ownership Information
The Securities and Exchange Commission (“SEC”) issued on 22 July 2019 Memorandum Circular No. 15, Series of 2019 (“MC No. 15-19”), amending SEC Memorandum Circular No. 17, Series of 2018, on the Revision of the General Information Sheet (“GIS”) to Include Beneficial Ownership Information. Following the SEC’s En Banc Resolution dated 27 June 2019, the
Read MoreSEC issues Guidelines on the Number and Qualifications of Incorporators under the Revised Corporation Code
The Securities and Exchange Commission (“SEC”) issued on 30 July 2019 Memorandum Circular No. 16, Series of 2019 (“MC No. 16-19”), promulgating the Guidelines on the Number and Qualifications of Incorporators under the Revised Corporation Code. MC No. 16-19 was enacted for the clear and proper implementation of Section 10 of the Revised Corporation Code,
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