Cruz Marcelo & Tenefrancia Cited in Asia Legal Business Philippine Law Awards 2020
Cruz Marcelo & Tenefrancia (CMT) was recognized as Intellectual Property Law Firm of the Year and Transportation and Logistics Law Firm of the Year in the Asian Legal Business Philippine Law Awards 2020. The virtual awards ceremony was held on 20 November 2020. This is the fourth time that CMT has been recognized as
Read MoreSEC Requires Online and Physical Filing of Forms Indicating Official E-Mail Addresses and Cellphone Numbers
The Securities and Exchange Commission (“SEC”) issued a Notice on 04 November 2020 (the “Notice”), providing filing details for the implementation of SEC Memorandum Circular No. 28, series of 2020 (“MC No. 28”). SEC MC No. 28 requires corporations, partnerships, associations and individuals to create and designate official and alternate e-mail addresses and mobile
Read MoreSupreme Court Holds that Prior Use No Longer Determines the Acquisition of Ownership Over a Mark
In Zuneca Pharmaceutical vs. Natrapharm, Inc. [G.R. No. 211850, 08 September 2020], the Supreme Court held that, under the Intellectual Property Code of the Philippines, prior use no longer determines the acquisition of ownership over a mark. This landmark decision overturns and abandons the rulings in previous cases such as Berris Agricultural Co., Inc. v.
Read MoreSupreme Court approves the 2020 Revised Rules of Procedure for Intellectual Property Rights Cases
The Supreme Court has approved the 2020 Revised Rules of Procedure for Intellectual Property Rights Cases (“Revised IP Rules”), amending A.M. No. 10-3-10-SC, the Rules of Procedure for Intellectual Property Rights Cases (“Old IP Rules”). The Revised IP Rules were published on 17 October 2020 in the Manila Bulletin and Philippine Star and became effective
Read MoreSEC Requires Foreign Corporations to Declare Beneficial Ownership Information
The Securities and Exchange Commission (“SEC”) issued on 03 November 2020 Memorandum Circular No. 30, Series of 2020 (“MC No. 30-20”). MC No. 30-20 requires all SEC-registered stock and non-stock foreign corporations to disclose their “Beneficial Owner(s)” [i.e., any natural person(s) who ultimately own(s) or control(s) or exercise(s) ultimate effective control over the corporation] in
Read MoreSEC Requires Submission of Official E-mail Address and Cellphone Number
Pursuant to its mandate under Section 180 of the Revised Corporation Code to develop and implement an electronic filing and monitoring system, the Securities and Exchange Commission (“SEC”) has issued Memorandum Circular No. 28-2020 dated 27 August 2020 (“MC 28-2020”) requiring corporations, associations, partnerships and individuals (the “Entity”) to create and/or designate official and alternate
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