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By: Samantha Poblacion on March 7, 2019 The past month rendered an important and interesting decision from the Philippine Competition Commission (PCC). On Feb. 12, 2019, the PCC denied the prospective acquisition by Universal Robina Corp.-Balayan (URC) of the sugarcane milling and refinery assets of Central Azucarera Don Pedro Inc....

By: Euney Marie J. Mata-Perez on February 28, 2019 Finally, the Revised Corporation Code or Republic Act No. 112321 (RCC) was signed into law by the President on February 20, 2019 and published in the Official Gazette on Feb. 21, 2019. It will thus become effective on March 8, 2019....

By: Euney Marie J. Mata-Perez on February 21, 2019 A year ago today, we published our first article in this column, entitled “A Good Beginning” (https://mtfcounsel.com/2018/02/22/a-good-beginning). It was the beginning of a journey and, after publishing a total of 52 articles, we continue to write. We are grateful to, and...

MTF Managing Partner, Atty. Euney Marie J. Mata-Perez, was one of the panelists during the Ease of Doing Business (EODB) Forum held on January 30, 2019 at the Ateneo Professional Schools Auditorium, Rockwell, Makati, Philippines. Atty. Mata-Perez, along with other local experts, were invited to discuss the implications of Republic...

By: Atty. Euney Marie J. Mata-Perez In response to the thrust of the Asia-Oceana Tax Consultants’ Association to have more exchange of information among its members in the Asia-Pacific region, the Tax-Accountancy Association Union of Republic of Chinese Taipei (TAAUT) held a regional tax conference last January 21, 2019 in...

By: Euney Marie J. Mata-Perez on February 14, 2019 Private corporations are created by fiction of law, and they owe their existence to the law establishing them. In our jurisdiction, such law is the Corporation Code. Upon the issuance by the Securities and Exchange Commission (SEC) of its certificate of...

By: Euney Marie J. Mata-Perez on February 7, 2019 In response to the thrust of the Asia-Oceana Tax Consultants’ Association (AOTCA) to have more exchange of information among its members in the Asia-Pacific region, the Tax-Accountancy Association Union of Republic of Chinese Taipei (TAAUCT) held a regional tax conference last...

By: Mark Anthony P. Tamayo on January 31, 2019 Last of two parts In last week’s article, we discussed briefly the coverage of a post clearance audit (PCA) under customs administrative order (CAO) 01-2019 and the potential issues that may be raised by the post clearance audit group (PCAG) of...

By: Mark Anthony P. Tamayo on January 25, 2019 (First of two parts) The regulation on the guidelines of the Post Clearance Audit (PCA) and Prior Disclosure Program (PDP) has finally been signed by the Department of Finance (DOF) Secretary last Jan. 9, 2019. Embodied under Customs Administrative Order (CAO)...