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: Florian Salcedo on July 5, 2018
On November 21, 2017, in time for its 81st anniversary celebration, the Securities and Exchange Commission (SEC) launched the full implementation of the SEC Company Registration System (CRS), an online platform providing for the full automation and online processing of corporations and partnerships, licensing of foreign corporations, and other corporate applications requiring SEC approval.
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.