By: Mark Anthony Tamayo on July 19, 2018
It’s common for regular importers to be oblivious of the mistakes and errors in the details of particulars of their previously filed goods declarations relative to their past shipments of goods into the country. Importers generally consider their declarations correct and final once the imported goods are released from the Bureau of Customs (BOC) without any issues.
By: Samantha Poblacion on July 12, 2018
The recognition of mental health as a basic human right in the Philippines finally came to pass after the Philippine Mental Health Law (Republic Act No. 11036, or RA 11036) was signed into law on June 21, 2018. The bill was pending in Congress for almost 20 years – a stark reminder of the stigma that still permeates discussions on mental health issues by Filipinos. It was also perhaps no coincidence that the bill was signed into law on the heels of high-profile suicides that occurred one after the other.
By: Euney Marie Mata-Perez on June 28, 2018
Reaching 50 years is no mean feat for a corporation and certainly a milestone worthy of a grand celebration.
However, from a corporation law standpoint, it can mean the “death” of the corporation when no application for extension or renewal of corporate term is timely filed prior to such 50th anniversary.
By: Florian Salcedo on June 21, 2018
On February 22, 2018, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 12-2018 which effectively grants the Commissioner of Internal Revenue (CIR) the power to compel lawyers to divulge information of their clients as taxpayers. This issuance caused ripples in the legal profession and imperiled the attorney-client privilege, a long and well-established feature in our legal system.
By: Euney Marie Mata-Perez on June 14, 2018
In the corporate world, mergers are effective means to forge alliances and achieve economies of scale. Because resources are combined, mergers help companies grow and diversify as well as boost their market penetration. They can also simplify complex group structures.