Cruz Marcelo & Tenefrancia co-hosts Arbitration Seminar with King & Spalding
Cruz Marcelo & Tenefrancia (“CMT”), in partnership with King & Spalding (“K&S”), hosted a seminar on Arbitration on 26 July 2019 entitled “Protecting the Interests of Philippine Companies Through Arbitration”.…
Read MoreSEC Issues Revised Guidelines on Securities Deposit of Branch Offices
The Securities and Exchange Commission (“SEC”) issued on 31 July 2019 its Memorandum Circular No. 17, Series of 2019 (the “Revised Guidelines”) entitled “Revised Guidelines on Securities Deposit of Branch…
Read MoreDOF issues Regulations on Estate Tax Amnesty under the Tax Amnesty Act
The Department of Finance (“DOF”) has issued Revenue Regulations No. 06-2019 (“RR 06-2019”), implementing the provisions of Estate Tax Amnesty under Title II of Republic Act No. 11213, otherwise known…
Read MoreSEC Amends Memorandum Circular No. 17, Series of 2018, on the Revision of the General Information Sheet (“GIS”) to Include Beneficial Ownership Information
The Securities and Exchange Commission (“SEC”) issued on 22 July 2019 Memorandum Circular No. 15, Series of 2019 (“MC No. 15-19”), amending SEC Memorandum Circular No. 17, Series of 2018,…
Read MoreSEC issues Guidelines on the Number and Qualifications of Incorporators under the Revised Corporation Code
The Securities and Exchange Commission (“SEC”) issued on 30 July 2019 Memorandum Circular No. 16, Series of 2019 (“MC No. 16-19”), promulgating the Guidelines on the Number and Qualifications of…
Read MorePhilippines Accedes to Apostille Convention
On 14 May 2019, the Philippines’ accession to the Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents (the “Apostille Convention”) took effect. The Apostille Convention was created…
Read MoreCMT Holds Screening of “Honor: The Legacy of Jose Abad Santos” for its 6th Anniversary
In celebration of its 6th anniversary, Cruz Marcelo & Tenefrancia (“CMT”) held a film screening of “Honor: The Legacy of Jose Abad Santos”, a 2018 documentary-film directed and written by…
Read MoreSEC issues Amended Guidelines and Procedures on the Use of Corporate and Partnership Names
On 21 June 2019, the Securities and Exchange Commission (“SEC”) issued Memorandum Circular No. 13, Series of 2019 (“MC No. 13-19”), promulgating the Amended Guidelines and Procedures on the Use…
Read MoreSEC Defers Implementation of SEC MC No. 17, Series of 2018, on Beneficial Ownership Disclosure, to 31 July 2019
The Securities and Exchange Commission (SEC), pursuant to SEC En Banc Resolution dated 27 June 2019, has issued a Notice deferring implementation of the new requirement of disclosure of beneficial…
Read MoreOne Person Corporations Now Allowed Under The Revised Corporation Code
The Revised Corporation Code (“RCC”) now allows the formation of a corporation by a sole stockholder. While the old Corporation Code (Batas Pambansa Blg. 68) requires at least five (5)…
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