News & Updates

News and Updates

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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Supreme Court orders physical closure of courts nationwide

Following the Philippines’ being placed under a state of calamity, the Supreme Court, through Administrative Circular No. 32-2020 (hereafter “A.C. 32-2020”), has ordered the physical closure of all courts nationwide…

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Private Employer Options and Remedies on Personnel Tenure and Movement Amid Quarantine

The ensuing challenges brought about by the quarantine, enhanced quarantine and/or lockdown have also raised fundamental concerns on the options and remedies of employers regarding the tenure and/or movement of…

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BIR Issues Guidelines on Filing of 2019 Income Tax Returns and Submission of Required Attachments

The Bureau of Internal Revenue (“BIR”) issued on 17 March 2020 Revenue Memorandum Circular No. 25, series of 2020 (“RMC No. 25-2020”), announcing that it will not extend the deadline…

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Supreme Court constitutes Task Force to manage Covid-19

So that the Judiciary may manage the rising cases of Covid-19 infection, the Supreme Court, on 13 March 2020, constituted a Task Force, through Memorandum Order 26-2020, “Creating a Task…

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SEC Issues Guidelines on Preventive Measures Against COVID-19 in the Handling of Records

The Securities and Exchange Commission (“SEC”) issued Memorandum Circular No. 7, Series of 2020, which took effect on 16 March 2020,  advising the public of the adoption of the following…

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SEC Issues Guidelines on Attendance and Participation in Meetings through Teleconferencing, Video Conferencing and Other Remote or Electronic Means of Communication

The Securities and Exchange Commission issued Memorandum Circular No. 6, Series of 2020, otherwise known as the “Guidelines on the Attendance and Participation of Directors, Trustees, Stockholders, Members, and Other…

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