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Archive

November 22, 2017

“Bitcoin” has been the newest buzzword in the financial and legal circles in the past few years. We often hear of people generating significant amounts of money from investments in Bitcoin, and at the same time people losing money when the value of Bitcoin drops dramatically within a single day of trading. Ordinary people want to participate in the trend, but the most basic questions remain: what... Read More

November 09, 2017

Last October 25, the Asean Law Association (Ala) held its commemorative session in Malacañang Palace. President Duterte was, of course, the special guest speaker. After calling upon Ala to “become instrumental in addressing the regional scourge of poverty, transnational crimes and terrorism,” the President went extemporaneous to explain to his international audience his war against drugs.... Read More

October 19, 2017

The new president and chief executive of the Philippine Stock Exchange (PSE), Ramon S. Monzon, was the guest speaker in the recent annual general membership meeting of the Shareholders’ Association of the Philippines (SharePHIL). In the course of discussing his vision for the PSE, Monzon presented data which caught the ears and eyes of members. According to Monzon, the PSE is “one of the oldest... Read More

October 19, 2017

Reputation matters. It could make or break one’s chances of availing a much needed financial life line. In the financial industry, before a credit facility is extended, it is a matter of course, that the financial position of individuals or entities, seeking to avail of such facility, are assessed. Essential to this is the gathering of a would-be borrower’s credit information, which task is now... Read More

October 11, 2017

The Philippine Competition Commission (PCC) recently promulgated its Rules of Procedure (Rules) in its investigation and prosecution of “anti-competitive agreements” and “anti-competitive conduct.” This marks another milestone for the PCC, the agency given original and exclusive jurisdiction to enforce and implement the provisions of the Philippine Competition Act (PCA). The promulgation of the... Read More

October 06, 2017

That title is one of the lines in the hit Broadway musical, Hamilton. It tells the story of the young, scrappy, and hungry United States of America when it was just gaining its independence from England. It explores the crossroads when 13 colonies eventually coalesced into one nation bound under a federal form of government.   The Philippines is at a similar crossroads... Read More

October 05, 2017

Today, Oct. 5, the world celebrates World Teachers’ Day per the declaration of the United Nations Educational, Scientific and Cultural Organization (Unesco) in 1994.   I have given accolades to my teachers in the past and this time I write on the thoughts of my four children about them.   Although they gave different reasons, they all said they considered... Read More

September 27, 2017

A woman uses her computer next to a hotel window in Makati in this photo taken on March 13, 2012. -- BW FILE PHOTO   According to the World Economic Forum’s Global Gender Gap (GGG) Report conducted in 2016, the Philippines is the most gender-equal country in the Asia-Pacific region having closed nearly 79% of its gender gap. The GGG Index ranks 144 countries on... Read More

September 21, 2017

Last August 31, the Shareholders’ Association of the Philippines (SharePHIL) held its 4th annual summit at the Dusit Hotel in Makati City.   The summit featured the famous brothers of the Ayala Group, Jaime Augusto and Fernando Zobel de Ayala.   The occasion was a rare feat for any organization: It was the first time the Zobel brothers spoke jointly as... Read More

September 21, 2017

The Philippine Competition Act (PCA) prohibits merger or acquisition agreements that substantially prevent, restrict or lessen competition in the relevant market.   Thus, defining a relevant market is a critical step in merger analysis.   Defining the relevant market serves as a basis to identify the competitors in the market, the merging companies’ individual... Read More

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