Graciello Timothy D. Reyes

March 30, 2015

“The heart has reasons of its own which reason does not know.” This famous quote was what the Supreme Court had to say about the love affair between a teacher and her student. While the employment of the teacher was initially terminated on the ground of immorality, the Court invalidated the termination, providing that the teacher-student relationship, which eventually culminated into marriage... Read More
Patricia O. Ko

March 24, 2015

The accessibility of the international market has redefined the Philippine business landscape. In the past, foreign entities may have been few and far between. Nowadays, local businesses easily find themselves dealing with corporations incorporated outside the Philippines (foreign corporations), not only as customers or suppliers, but even as joint venture partners. In the area of Public-Private... Read More

March 19, 2015

One frequently discussed issue in securities regulation is the duty to correct and the duty to update information made available to the investing public. An issuer’s failure to correct or update a misleading statement may, under appropriate circumstances, constitute a “device, scheme, or artifice to defraud” or an act which “operates or would operate as a fraud or deceit upon any person” as to... Read More
Jo Blanca P.B. Labay

March 17, 2015

THE PRACTICE OF LAW in the Philippines is strictly exclusive to Filipinos. Article XII, Section 14 of the Constitution provides that the practice of any profession is limited to Filipino citizens and, in the implementation of this restriction, the Supreme Court requires that any applicant to the Bar must possess Filipino citizenship. This restriction applies to a wide array of activities, and is... Read More

March 05, 2015

Does FRIA cover banks, financial institutions? The Financial Rehabilitation and Insolvency Act of 2010 (FRIA) is the new law. It replaces the 1909 Insolvency Act. The new law contains three main parts. The first is rehabilitation, whose purpose is to restore the financial health of insolvent debtors. The second is liquidation, which provides for the orderly liquidation of the debtor’s assets... Read More