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Archive

July 27, 2016

It may surprise you to know tax assessments worth millions have been issued by the BIR simply because taxpayers failed to properly invoice discounts. Even now, many big companies underestimate and neglect the importance of good invoicing. Businessmen and accounting officers still tend to overlook the value of properly filling out such a small piece of paper, which could later on make or break... Read More

July 21, 2016

Second of four parts   Based on the Financial Liquidation and Suspension of Payments Rules of Procedure for Insolvent Debtors (FLSP Rules), any transaction prior to the issuance of a liquidation order or conversion of rehabilitation proceedings to liquidation proceedings entered into by the debtor company involving its assets may be rescinded or declared void. This is... Read More

July 20, 2016

The euphoria of the 2016 elections may have died down but some legal issues are yet to be resolved by the courts and the Comelec. A number of these cases may relate to the proper interpretation of the “three-term limit rule” for local elective officials.       This disqualification rule, as enshrined under Section 8, Article X of the 1987 Constitution and reiterated... Read More

July 13, 2016

The Intellectual Property Office of the Philippines (IPO) recently released a draft proposal to amend its Implementing Rules and Regulations (IRRs) on Inter Partes Proceedings (IPPs). IPPs are proceedings or cases affecting intellectual property rights which are filed with, and prosecuted before, the IPO, such as petitions for the cancellation of patents, trademarks, utility models and... Read More

July 07, 2016

Liquidation in insolvency Not known to all lawyers, the Supreme Court (SC) promulgated the Financial Liquidation and Suspension of Payments Rules of Procedure for Insolvent Debtors (“FLSP Rules” ) on April 21, 2015.   The FLSP Rules is the second of two sets of rules of procedure promulgated by the SC to implement the Financial Rehabilitation and Insolvency Act (“FRIA”). The... Read More
Jun Kawanami

July 06, 2016

A closer look at the Philippine Competition Act through the lens of the Japanese Competition Law    Considering the prominence of the Philippine Competition Act (the PCA) and its Implementing Rules and Regulations (IRR) within the legal and business communities, it would be interesting to read through their salient provisions vis-a-vis the Japanese Competition Law (the JCL).... Read More