Cruz Marcelo & Tenefrancia bags multiple awards at Asian Legal Business Philippine Law Awards 2022
Cruz Marcelo & Tenefrancia is proud to be awarded by Asian Legal Business as Law Firm of the Year in the Philippines in the following practice areas:
Project and Infrastructure
Transportation and Logistics
It is the fifth year that CMT was named Intellectual Property Firm of the Year, having previously won in 2016, 2017, 2019 and 2020.
It was also named Philippine Deal Firm of the Year.
CMT’s work in AEV’s Sale of Stake in AboitizPower to JERA was also recognized as Equity Market Deal of the Year. Our firm acted as counsel for Aboitiz Equity Ventures, Inc. and Aboitiz & Company, Inc. in the sale of their 27% stake in Aboitiz Power Corporation, amounting to US$1.5 Billion, to JERA, Japan’s largest power generation company. The transaction was a milestone for the Aboitiz Group considering the significant amount involved and since it will leverage the strengths of both companies, unlock new growth opportunities, and will develop additional clean and renewable electric power generation capacity. The handling law firms included Skadden Arps, Slate, Meagher & Flom; King & Spalding; SyCip Salazar Hernandez & Gatmaitan.
Finally, CMT congratulates partners Elmar B. Galacio, Ramon Manalo A. Alcasabas, and Jon Daryl Anton Y. Chua who were nominated for Dispute Resolution Lawyer of the Year, Data Privacy and Protection Lawyer of the Year, and Young Lawyer of the Year, respectively.