A A A

Archive

November 30, 2016

In light of the enactment of the Philippine Competition Act (PCA) in 2015, competitors, manufacturers, retailers, and sellers or suppliers, in general, should be wary of price fixing agreements. While price fixing is not specifically defined in the PCA, the US Federal Trade Commission defines price fixing as any form of agreement that raises, lowers, or stabilizes prices or competitive terms... Read More

November 17, 2016

If a micro, small or medium enterprise (MSME) runs into a financial problem, is there a mechanism that it can use to get back on its feet?   The question is important because MSMEs play an important role in our economy.  Based on the 2014 data of the Philippine Statistics Authority, MSMEs accounted for 99.6 percent of total registered enterprises, employing millions of... Read More

November 17, 2016

With the promulgation of the Implementing Rules and Regulations (IRR) of the Data Privacy Act, employers should be aware of their obligations under the IRR and comply with same within one (1) year from the effectivity of the IRR.    Republic Act No. 10173, also known as the Data Privacy Act, was enacted on Aug. 15, 2012. Subsequently, the National Privacy Commission... Read More

November 09, 2016

Netflix, iflix, and Hooq -- perhaps three of the most prominent Subscription Video On Demand (SVOD) services available in the Philippine market today. The year 2016 has seen an upsurge in the delivery of SVOD services in the Philippines with the entry of industry bigwig and pioneer Netflix earlier this year. Considering that it has been over a year since such services invaded the laptops,... Read More

November 03, 2016

(Last of four parts)   If you are a credit card holder but find it difficult  to pay your credit card liabilities as they fall due, is it the end of the world for you?   Absolutely not.   Not known to everybody, the Financial Rehabilitation and Insolvency Act (FRIA) has a special remedy for debtors under this situation.   The original... Read More

November 02, 2016

Section 40 (C)(2) of the 1997 National Internal Revenue Code provides two instances for tax-free exchanges of properties: first, transfer to a controlled corporation; and second, merger or consolidation. In both instances, no gain or loss is recognized in the exchange of properties between two taxpayers. The Bureau of Internal Revenue (BIR) through the years has promulgated several... Read More