November 2020

ACCRALAW assisted Ayala Land, Inc. (ALI) in the first real estate investment trust (REIT) offering in the Philippines and acted as Philippine counsel to AREIT, Inc. (AREIT) in its initial public offering of 456,883,000 common shares, with an overallotment option of 45,688,700 common shares. On 13 August 2020, AREIT’s shares were listed on The Philippine Stock Exchange, Inc.

On 20 November 2020, Asian Legal Business (ALB) held its 5th Annual Philippine Law Awards virtually.

ACCRALAW was awarded Philippine Law Firm of the Year for the third consecutive year.

Despite the challenges faced by the legal and business sectors due to the current health crisis, ACCRALAW has been relentless in its pursuit to address the growing and changing needs of its clients. It has reaped the gains of investing in its legal complement and technological enhancements.

Eric R. Recalde, Partner and Head of the Firm’s Tax Department, launched his latest book entitled “The Laws on Credit, Secured Transactions and Insolvency”. He co-authored this book with his wife, Marie Tanya Z. Recalde. The virtual book launch was coupled with a webinar on the salient topics of their book. It was held online last 14 November 2020.

ACCRALAW Partner and Head of the Firm’s Tax Department Eric R. Recalde delivered a series of lectures focused on the recent developments on the Laws on Credit, Secured Transactions and Insolvency and shared his insights on the remedies under the Financial Rehabilitation and Insolvency Act (FRIA) to businesses disrupted by the CoVID-19 Pandemic.