DOH, DTI, IPO, and BFAD Issue Supplemental Guidelines to the Rules and Procedure for the Grant of Special Compulsory Licenses for Drugs and Medicines [Joint Administrative Order No. 2021-0001]
The Department of Health (“DOH”), the Department of Trade and Industry, the Intellectual Property Office of the Philippines (“IPO”), and the Food and Drug Administration issued Joint DOH-DTI-IPO-BFAD Administrative Order…
Read MoreSEC issues revised guidelines on the submission of documents, issuance of Payment Assessment Form, other requests and compliance
The Securities and Exchange Commission (“SEC”) in its Memorandum Circular No. 3, series of 2021 (“MC No. 3”) provides for the schedule and procedure for the filing of annual financial…
Read MoreBy-laws may provide for a specific number of stockholders or members necessary to constitute a quorum [SEC-OGC Opinion No. 21-04, 30 March 2021].
The Securities and Exchange Commission (“SEC”) issued on 30 March 2021 SEC-OGC Opinion No. 21-04 (“SEC Opinion”) which states that a corporation may provide in its By-laws the specific number…
Read MoreShares of stock to be sold to existing shareholders, in the exercise of their pre-emptive rights, as a consequence of an increase in authorized capital stock of a corporation are not required to be registered with the SEC if the corporation will not incur expenses in relation to the sale of the said shares [SEC-OGC Opinion No. 21-05, 07 May 2021].
The Securities and Exchange Commission (“SEC”) issued on 07 May 2021 SEC-OGC Opinion No. 21-05 (“SEC Opinion”) which states that, in the absence of any indication that the corporation has incurred…
Read MoreIPOPHL Adopts Electronic Service of Orders and Notices for Inter Partes Cases
The Philippine Intellectual Property Office (“IPOPHL”) issued on 14 May 2021 Memorandum Circular No. 2021-015 (“MC 2021-015”) which adopts as a mode of service the electronic service of interlocutory orders…
Read MoreAttys. Jacques S. Lynn and Maria Theresa M. Domingo Accredited as Arbitrators of the Philippine International Center for Conflict Resolution (PICCR)
After undergoing the rigorous accreditation course of the Philippine International Center for Conflict Resolution (PICCR) over a period of several months from June 2020 to January 2021 and successfully passing…
Read MoreDepartment of Energy issues guidelines on treatment of existing direct connection arrangements and their applications for renewal pursuant to DOE Department Circular No. DC2020-01-0001
The Department of Energy (“DOE”) issued on 26 April 2021 its Advisory on the Implementation of DOE Department Circular No. DC2020-01-0001 (“DC2020-01-0001”) and Other Concerns Relative to Direct Connection Arrangements…
Read MoreCruz Marcelo & Tenefrancia celebrates its 8th anniversary and 41st year of combined legal practice
On May 1st 2021, Cruz Marcelo & Tenefrancia (“CMT”) celebrated its 8th anniversary and 41st year of combined legal practice that began in 1980. The community quarantine notwithstanding, CMT held…
Read MoreSEC 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…
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…
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