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Archive

February 11, 2016

Is the concept of merger and acquisition in corporate law the same under the Philippine Competition Act (PCA)? In corporation law, merger is the absorption of one or more corporations by another existing corporation, which retains its identity and takes over the rights, privileges, franchises, properties, claims, liabilities and obligations of the absorbed corporation(s). The absorbing... Read More

February 10, 2016

Running a tight ship: Better risk management for bank outsourcing The Bangko Sentral ng Pilipinas (BSP) issued Circular No. 899, series of 2016, dated 18 January 2016 (“Circular No. 899”), containing amendments to the guidelines on outsourcing, as provided in the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions. Outsourcing is a huge and yet... Read More