News & Updates

News and Updates

Cruz Marcelo & Tenefrancia is Asian Legal Business (ALB) Employer of Choice for the Philippines

Cruz Marcelo & Tenefrancia was named an Employer of Choice for the Philippines by Asian Legal Business (ALB) in its April 2020 Edition listing notable employers in the Asia-Pacific Region. …

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IPOPHL issues Memorandum Circular No. 2020-009 extending deadlines for 60 days

The Philippine Intellectual Property Office (“IPO”) issued on 07 April 2020 Memorandum Circular (MC) No. 2020-009 extending for a period of sixty (60) calendar days from the due date the…

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Supreme Court extends physical closure of courts nationwide to court users

Following the extension of the Enhanced Community Quarantine, the Supreme Court, through Administrative Circular No. 34-2020 (hereafter “A.C. 34-2020”), has physically closed the courts nationwide to all court users until…

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MGB Provides Guidelines on the Realignment of Social Development and Management Program Unutilized Funds in view of COVID-19

The Mines and Geosciences Bureau (“MGB”) issued on 1 April 2020 a Memorandum providing for the guidelines on the realignment of unutilized Social Development and Management Program (“SDMP”) funds to…

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Bureau of Immigration COVID-19-Related Issuances

With the issuance by President Rodrigo Duterte of Proclamation No. 929 series of 2020 on 16 March 2020 [which declared: (i) a State of Calamity throughout the Philippines due to…

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Summary of COVID-19-Related SEC Issuances

On 16 March 2020, President Duterte issued Proclamation Nos. 929 series of 2020 (“Proclamation 929”), declaring a State of Calamity throughout the Philippines due to Coronavirus Disease 2019 for a…

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IPOPHL issues Memorandum Circular No. 2020-008 extending deadlines for 45 days

The Philippine Intellectual Property Office issued on 26 March 2020 Memorandum Circular (MC) No. 2020-008 extending for a period of forty five (45) calendar days the deadline to respond to official actions, declarations, and other documents, including…

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SEC Provides Guidelines for the Filing of the General Information Sheet in view of the Enhanced Community Quarantine.

The Securities and Exchange Commission (“SEC”) issued on 18 March 2020 Memorandum Circular No. 9, series of 2020 (“MC 9-2020”), providing for guidelines on the filing of the General Information…

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SEC Strongly Encourages Financing Companies and Lending Companies to Adopt Debt Relief Measures

In view of the impact of the Enhanced Community Quarantine (“ECQ”) and Stringent Distancing Measures over Luzon and across provinces in the country, the SEC issued a notice dated 23…

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BIR Extends Deadline for Filing of the 2019 Income Tax Returns and Submission of Required Attachments

The Bureau of Internal Revenue (“BIR”) issued on 18 March 2020 Revenue Memorandum Circular No. 28, series of 2020 (“RMC No. 28-2020”), amending Revenue Memorandum Circular No. 25, series of…

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