Category Archives: Corporate Law

Out-of-Court or Informal Restructuring Agreements or Rehabilitation Plans (Chapter IV): Republic Act No. 10142 (Financial Rehabilitation and Insolvency Act of 2010)

[Full text below. See Republic Act No. 10142; Chapter I; Chapter II; Chapter III; Chapter IV; Chapter V; Chapter VI; Chapter VII; Chapter VIII; Chapter IX; Chapter X; See also Summary/Discussion on Out-of-Court or Informal Restructuring Agreements or Rehabilitation Plans (OCRA)]

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Primer on the Rule on Administrative Search and Inspection under the Philippine Competition Act

The Philippine Competition Commission (PCC), created under Republic Act No. 10667 (Philippine Competition Act), has the power undertake inspections to prevent the removal, concealment, tampering with, or destruction of books, records, or other documents. The inspection order, which must be issued by the proper court, is covered by the Rule on Administrative Search and Inspection under the Philippine Competition Act (“Rule”) issued by the Supreme Court (A.M. No. 19-08-06-SC). Here is a summary/primer of the Rule. 

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