[On 16 March 2020, the Supreme Court issued Administrative Circular No. 31-2020, providing measures to address the rising cases of Covid-19 infections in the Philippines. The Circular directs the suspension of court hearings (from 16 March 2020 until 15 April 2020) and extension of deadlines (30 days, counted from 16 April 2020), among other matters. However, note the extended suspension of court hearings until 30 April 2020, which may further be revised considering the ECQ extension until May 15. Here is the full text of Circular 31-2020.]
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Enhanced Community Quarantine and Social Distancing Guidelines for Management of Coronavirus Disease 2019 (COVID-19)
The Executive Secretary issued an undated Memorandum, providing for Stringent Social Distancing Measures and Further Guidelines for the Management of the Coronavirus Disease 2019 (COVID-19) Situation [Note: On 16 March 2020, Enhanced Community Quarantine has been declared in the NCR and the entire Luzon. See also: Primer on Enhanced Community Quarantine and Social Distancing in the Age of Coronavirus Disease 2019 (Covid-19)]. Here are the salient points of the guidelines:
Continue readingGuidelines on Flexible Work Arrangements (Labor Advisory No. 9): Full Text
[On 4 March 2020, the Department of Labor and Employment (DOLE) issued Labor Advisory No. 9, series of 2020, providing for the guidelines on the implementation of flexible work arrangements as remedial measure due to the ongoing outbreak of the coronavirus disease 2019 (COVID-19). See Summary/Discussion. The full text of Labor Advisory No. 09 is reproduced below.]
Continue readingRules on Liquidation of Closed Banks (A.M. No. 19-12-02-SC): Full Text
[In a Resolution dated 18 February 2020 (A.M. No. 19-12-02-SC), the Supreme Court approved the Rules on Liquidation of Closed Banks, which takes effect on 1 April 2020. See also The Primer or Summary of the Rules. The full text of the Rules is reproduced below.]
Continue readingResident Agents for Foreign Corporations Licensed to Do Business in the Philippines
A foreign corporation applying for a license to transact or do business in the Philippines must appoint a Resident Agent. The appointment is submitted to the Securities and Exchange Commission (SEC) together with the application and other requirements. This is discussed below.
Continue readingApplication for Registration of Branch Office-Foreign Corporations/Partnerships in the Philippines
A foreign corporation, whether stock or nonstock, and a foreign partnership who intend to register a Branch Office or Representative Office in the Philippines must comply with/file the specific requirements, enumerated and discussed below, with the Securities and Exchange Commission (SEC). The application requirements are discussed below.
Continue readingApplication for Registration of RHQ/ROHQ-Foreign Corporations in the Philippines
A foreign corporation who intends to register a Regional/Area Headquarters (RHQ) or Regional/Area Operating Headquarters (ROHQ) in the Philippines must comply with/file the specific requirements, enumerated and discussed below, with the Securities and Exchange Commission (SEC). The requirements are discussed below.
Continue readingForeign Corporations: Grounds for Revocation of License to Operate in the Philippines
A foreign corporation which is licensed to operate or do business in the Philippines may lose its license based on a number of grounds provided in the Revised Corporation Code. The Securities and Exchange Commission (SEC) may revoke the license upon any of the following grounds:
Continue readingHow to Register a Corporation in the Philippines
Registration of Philippine corporations is now more convenient. The previous post on how to register a corporation, including foreign-owned domestic corporations, with the Securities and Exchange Commission (SEC) is retained in this forum to highlight how different the process and requirements were. Registration in the electronic age is much easier.
Continue readingEleventh Negative Foreign Investments Negative List (EO 65)
A Negative List, also called the Foreign Investments Negative List, is a list of areas of economic activity whose foreign ownership is limited to a maximum of forty percent (40%) of the outstanding capital stock in the case of a corporation or capital in the case of partnership.
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