May 28, 2015

More than three weeks ago, Evangeline “Vangie” Escobillo, who served as Insurance Commissioner from 2005 to 2007, was killed in a vehicular accident together with her husband, Retired Major General Nestor Sadiarin. I don’t profess to know Vangie personally and her personal life was none of my business. My dealings with her were purely professional. I first had the opportunity to work with her... Read More

May 27, 2015

Ownership of land in the Philippines is regulated by the 1987 Constitution and the Public Land Act, among others. The Constitution provides that except in cases of hereditary succession, only those individuals, corporations and associations allowed to acquire or hold lands in the public domain can acquire private lands. In this connection, Commonwealth Act No. 141, otherwise known as the Public... Read More

May 19, 2015

The economic integration of the member countries of the Association of Southeast Asian Nations (ASEAN) is set to be established by December this year. This integration is aimed at enabling the free movement of goods and services, as well as investments and labor, in the ASEAN region. As part of its commitment to this integration, the Philippines is obligated to craft a comprehensive antitrust... Read More
Masataka Shitanishi

May 12, 2015

Doing business with people from different cultures is sometimes accompanied by unexpected difficulties. One of the difficulties faced by the two parties in the transaction is the differing customs, beliefs, and behavior between their cultures. Understanding the nuances of the other party’s culture often provides the groundwork for smoother and more efficient business relations. Notably, business... Read More

May 06, 2015

What constitutes “falsity of returns”? In the landmark case of Aznar vs. Court of Tax Appeals, the Supreme Court defined a false return as a deviation from the truth or fact, whether intentional or not. There being substantial under-declaration of income ranging from 170% to 4,370% of the reported income for six years, Aznar was found to have filed false returns. The definition of false returns... Read More