Cruz Marcelo & Tenefrancia is proud to contribute the Philippine Chapter of the Chambers and Partners Insolvency 2021 Guide, co-authored by Ramon Manolo A. Alcasabas and Kristine Ann C. Venzuela.
The Insolvency 2021 Guide includes developments affecting Rehabilitation and Insolvency in view of the continuing challenges brought about by the COVID-19 pandemic, and the implementation of various debt relief and restructuring measures, including the enactment of Republic Act No 11523 authorizing the incorporation of Financial Institutions Strategic Transfer Corporations (FISTC), and Republic Act No 11534 allowing projects or activities registered with Investment Promotion Agencies to carry-over losses as deductions from gross income within the specified periods.