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News and Updates

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 Incorporators under the Revised Corporation … Read more

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 to abolish the requirement for … Read more

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 Bani Logroño, on 18 June … Read more

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 of Corporate and Partnership Names. … Read more

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 ownership information in the General … Read more

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) natural persons to form a … Read more

The Securities and Exchange Commission (“SEC”) has issued Memorandum Circular No. 10, Series of 2019, promulgating the Rules on Material Related Party Transactions for Publicly-Listed Companies (the “Rules”) which became effective on 27 April 2019. … Read more

Pursuant to the Memorandum of Understanding dated 12 October 2018 between the regulators of the Philippines, Thailand, Malaysia and Singapore, on 26 February 2019, the Securities and Exchange Commission (“SEC”) issued SEC Memorandum Circular No. … Read more

Republic Act No. 11202, otherwise known as the “Mobile Number Portability Act” was signed into law by President Rodrigo Duterte on 08 February 2019. It took effect on 06 March 2019, or fifteen (15) days … Read more

Subsequent to the passage of Republic Act No. 11232, otherwise known as the Revised Corporation Code, the Securities and Exchange Commission (“SEC”), through separate Notices issued on 15 March 2019, has requested for comments on … Read more

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