[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 Introduction to Insolvency in the Philippines]
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Liquidation of Insolvent Juridical Debtors (Chapter V): Republic Act No. 10142 (Financial Rehabilitation and Insolvency Act of 2010)
Court-Supervised Rehabilitation (Chapter II): Republic Act No. 10142 (Financial Rehabilitation and Insolvency Act of 2010)
[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 Introduction to Insolvency in the Philippines]
Continue readingGeneral Provisions (Chapter I): Republic Act No. 10142 (Financial Rehabilitation and Insolvency Act of 2010)
Pre-Negotiated Rehabilitation (Chapter III): Republic Act No. 10142 (Financial Rehabilitation and Insolvency Act of 2010)
[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 Introduction to FRIA]
Continue readingOut-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)]
Continue readingFinancial Rehabilitation and Insolvency Act (FRIA) of 2010 (Republic Act No. 10142): Table of Contents
[On 18 July 2010, the President signed Republic Act No. 10142, otherwise known as the “Financial Rehabilitation and Insolvency Act (FRIA) of 2010”. Here is the complete text, divided into Chapters with summary, of R.A. 10142.]
Continue readingIssuer Registration and other Requirements in Crowdfunding (CF)
An issuer, in relation to crowdfunding, refers to the originator, maker, obligor, or creator of the security which shall be registered with the intermediary. The issuer, while exempt from the general registration procedures for securities, must register with the crowdfunding intermediary.
Foreign Corporations/Entities: What Constitutes “Doing Business” in the Philippines
Non-Filipinos, including foreign corporations are prohibited from doing business in the Philippines. The foreign corporation or partnership must secure the appropriate license from the Securities and Exchange Commission (SEC) and, in certain instances, from other government agencies.
Continue readingDetermination of Anti-Competitive Agreement/Conduct under the Philippine Competition Act
The rules on the Determination of Anti-Competitive Agreement or Conduct are provided in Republic Act No. 10667, also known as the “Philippine Competition Act“, and its Implementing Rules and Regulations (IRR). These rules are as follows:
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