Department of Trade and Industry (DTI) has issued guidelines on the interruption of periods related to the filing of appeals with the Office of the Secretary and suspension of rendition of judgments and other actions. The guidelines are contained in DTI Memorandum Circular No. 20-20 dated 27 April 2020.
Continue reading[The Department of Labor and Employment (DOLE) issued Labor Advisory No. 15, series of 2020, as guide for the computation of holiday pay for 1 May 2020, Labor Day. Establishments that have totally closed or ceased operations during the enhanced community quarantine are exempted from paying holiday pay. For operating establishments, the payment of holiday pay for Labor Day is deferred. The full text of Labor Advisory No. 15 is reproduced below.]
Continue reading[Full text of Joint Memorandum Circular No. 1-2020 dated 30 April 2020, issued by the Social Security System (SSS), Department of Finance (DOF), and Bureau of Internal Revenue (BIR). See also Amendments per JMC 2-2020, Return/Refund of SBWS and Second Tranche of SBWS.]
Continue readingA foreign corporation who wishes to do business in the Philippines must secure the necessary license from the Securities and Exchange Commission (SEC). Should the foreign corporation secure a license, it must make the necessary securities deposit. The details on securities deposit are discussed below.
Continue readingThe Chairperson of the 2019 Bar Examinations, Supreme Court Justice Estela M. Perlas-Bernabe, announced that a total of 2,103 out of the 7,685 bar examinees passed the bar exams. The full list is included after the Top 10 list. Congratulations!
Continue readingDefinition and characterization of terms as used in the Securities Regulation Code (Republic Act No. 8799), the “2015 Implementing Rules and Regulations of the Securities Regulation Code” (2015 SRC Rules) and other related issuances, including the Rules and Regulations Governing Crowdfunding (CF). This is a work in progress.
Continue readingGiven the reported infection of some Persons Deprived of Liberty (PDLs) to COVID-19 in different detention facilities, there is a serious need to further restrain the movement and travel of court users, PDLs, judges an court personnel to further reduce the spread of the dreaded infectious disease.
Continue readingThe Philippine Constitution emphatically provides that no person shall be deprived of liberty without due process of law and no warrant of arrest shall issue except upon probable cause to be determined personally by the judge (Art. III, Secs. 1 and 2). As a general rule, no one can be arrested without a valid warrant, which is likewise true in search and seizure). There are three recognized exceptions to the constitutional prohibition on warrantless arrests. These valid warrantless arrests are: (a) In flagrante delicto arrests; (b) “Hot pursuit” arrests; and (c) Re-arrest of escaped prisoners.
Continue readingThe definitions under The Condominium Act (Republic Act No. 4726) are straightforward. A condominium is an interest in real property consisting of a separate interest in a unit and an undivided interest in common in the land on which it is located and in other common areas of the building.
Continue readingA corporation shall have perpetual existence unless its articles of incorporation provides otherwise. This is one of the major changes made under the Revised Corporation Code (Republic Act No. 11232). Under the old Corporation Code, the maximum corporate term is only fifty (50) years, subject to extensions. The limit on corporate term has been removed.
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