October 2020

ACCRALAW acted as Philippine counsel to the underwriters for the initial public offering (IPO) of Converge Information and Communications Technology Solutions, Inc. (Converge). The Converge IPO is the largest IPO in the Philippines since 2016 raising Php 25.3 Billion. Converge is the largest high-speed fixed broadband operator in the Philippines and the only pure-play high-speed fixed broadband provider, with an exclusive focus on serving the Philippine fixed broadband market.

ACCRALAW advised Thailand’s Bank of Ayudha, commonly known as Krungsri, in its acquisition of a 50% stake in SB Finance Company, Inc. (SBF), Security Bank’s consumer finance subsidiary.

ACCRALAW Partner Andre B. Navato was one of the resource speakers at the webinar entitled, “Deal-making in a Pandemic: An Update from Asia” held last 22 October 2020. Mr. Navato shared his insights on how to navigate around the challenges brought about by the pandemic in deal-making. He also talked about his views on the current state of investment opportunities in the Philippines.

ACCRALAW Of Counsel Teresita J. Herbosa and Partner Eric R. Recalde participated as speakers in the webinar entitled “APAC: Developments on Philippine Competition Law and the Revised Corporation Code” held last 21 October 2020. The webinar was hosted by the Association of Corporate Counsel (ACC).

ACCRALAW acted as Philippine counsel to the joint lead managers and bookrunners (“JLMs”), Standard Chartered Bank, Citigroup Global Markets Limited and MUFG Securities Asia Limited in connection with the issuance by UnionBank of the Philippines of US$300 million senior unsecured notes (Notes) under its US$2 Billion Medium Term Notes Program. The Notes, rated Baa2 (Stable) by Moody’s, were issued at an aggregate principal amount of US$300 million and carries a fixed coupon rate of 2.125% p.a. payable semi-annually. It was listed on the Singapore Exchange Securities Trading Limited in October 2020.

Mr. George S.D. Aquino, a Partner of the Firm’s Litigation and Dispute Resolution Department, recently recorded his lecture entitled, “Trial and Pre-Trial Skills: Litigation in the Time of COVID-19” for the Ateneo School of Law’s Mandatory Continuing Legal Education (MCLE) online seminars.

ACCRALAW Partner Jose Eduardo T. Genilo delivered a lecture on Patent Drafting for the Department of Science and Technology (DOST)-Philippine Council for Agriculture and Natural Resources Research and Development (PCAARD) Patent Master Class last 10 to 14 August 2020. He discussed how to draft patent specification and claims. He also talked about how patent claims relate to patent law and highlighted the importance of good patent claims.