How to Register a Corporation with the Securities and Exchange Commission (SEC)

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Many business people or entrepreneurs are not deterred by the current economic malaise that is affecting many countries. Many are still starting businesses and creating new corporations. So, for the brave few, here’s a guide on registering a corporation with the Securities and Exchange Commission (SEC). [Note, 2019: For the updated requirements and procedure, see How to Register a Corporation in the Philippines.]

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Introduction to the Philippine Cooperative Code of 2008

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The law which governs cooperatives, prior to the recent enactment of Republic Act No. 9520 (“Philippine Cooperative Code of 2008“), is Republic Act No. 6938 (“Cooperative Code of the Philippines”). Here’s a basic discussion on the new law (a more extensive primer will subsequently be released, initially made available to clients).

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Changes in the Rules of Procedure on Corporate Rehabilitation: Provisions Applicable to All Proceedings

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On 2 December 2008, the Supreme Court en banc issued A.M. No. 00-8-10-SC, approving the RULES OF PROCEDURE ON CORPORATE REHABILITATION (“Rules”). The new Rules took effect on 16 January 2009. Here are the salient features of the new Rules, in contrast to the old Interim Rules of Procedure on Corporate Rehabilitation (“Interim Rules). Unless otherwise indicated, the old provisions remain the same.

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Primer on the Credit Information System Act (RA 9510)

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Republic Act No. 9510, also known as the Credit System Information Act, is consistent with the need to establish a comprehensive and centralized credit information system for the collection and dissemination of fair and accurate information relevant to, or arising from, credit and credit-related activities of all entities participating in the financial system. A credit information system will directly address the need for reliable credit information concerning the credit standing and track record of borrowers. An efficient credit information system will also enable financial institutions to reduce their over-all credit risk, contributing to a healthier and more stable financial system.

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Proposed Rule On Mandatory Legal Aid Service For Practicing Lawyers (Bar Matter No. 2012)

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[The Supreme Court recently issued the Rule on Mandatory Legal Aid Service, requiring all “practicing lawyers” to render a minimum of 60 hours of free legal aid services to indigent litigants in a year. Please note the definition of a “practicing lawyer”. It was published in the PhilStar and Inquirer on 14 February 2009. It takes effect on 1 July 2009. A subsequent en banc Resolution, however, deferred the effectivity to 1 January 2010. Here’s the full text of Bar Matter No. 2012.]

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