SEC Issues Rules on the Calling of Special Stockholders’ Meetings for Publicly-Listed Companies
The Securities and Exchange Commission (“SEC”) issued on 23 April 2021 SEC Memorandum Circular No. 7, series of 2021 (“MC 7-21”), which provides for the rules on calling for Special Stockholders’ Meetings for Publicly Listed Companies (“PLCs”). Right to Call for a Special Stockholders’ Meeting Any number of shareholders of a PLC (“Qualifying Shareholders”) who
Read MoreSecurities and Exchange Commission extends anew the deadline to file 2021 General Information Sheets
The Securities and Exchange Commission (“SEC”) issued a Notice dated 31 March 2021 extending the deadline for the submission of the General Information Sheets (“GIS”) to all corporations following the implementation of enhanced community quarantine in the National Capital Region and its neighboring provinces, and the implementation of the Online Submission Tool (“OST”). Under the
Read MoreFinancing Companies and Lending Companies, regardless of equity participation and paid-up capital, are now covered under 2018 AML/CFT Guidelines
The Securities and Exchange Commission (“SEC”) has issued SEC Memorandum Circular No. 4, series of 2021 (“MC No. 4”) which amended the covered institutions in the 2018 Guidelines on Anti-Money-Laundering and Combating the Financing of Terrorism for SEC Covered Institutions (“2018 AML/CFT Guidelines”). Section 1 of MC No. 4 amended Section 1.2 of the 2018
Read MoreGovernment ends moratorium on new Mineral Agreements
President Rodrigo Duterte signed Executive Order 130 (“EO 130”) on 14 April 2021, lifting a nine (9)-year moratorium and allowing the Government to enter into new agreements concerning mineral production with qualified persons, subject to the latter’s compliance with the relevant mining laws and regulations. EO 130 amended Section 4 of Executive Order No.
Read MoreCruz Marcelo & Tenefrancia Senior Partner Elmar B. Galacio joins panel on Recent Court Cases in International Commercial Arbitration
Our Senior Partner Elmar B. Galacio is a panelist at the forum entitled Recent Court Cases in International Commercial Arbitration: Developments in Australia, China, the Philippines, and Vietnam sponsored by the Washington College of Law: https://bit.ly/3cBJPFD
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