Month: January 2021

ACCRALAW is The Legal 500’s Top-Tier Firm for Banking and Finance

In its Asia-Pacific rankings for 2021, ACCRALAW was recognized as a Top-Tier Firm for the practice area of Banking and Finance.

The Firm acts as counsel for multiple domestic and international banks and advises them on the relevant banking regulations in the Philippines. ACCRALAW represents them in various disputes and commercial transactions, which include applying for their banking licenses, drafting their loan restructuring agreements, and assisting them in project finance transactions.

ACCRALAW is The Legal 500’s Top-Tier Firm for Immigration

The Legal 500 Asia-Pacific recognized ACCRALAW as a Top-Tier Firm for Immigration in its 2021 Editorial.

ACCRALAW offers outstanding expertise in handling diverse, complex, and multifaceted legal problems concerning immigration. The Firm’s immigration specialists serve a broad array of clients from various industries and provide them with legal representation before government agencies involved in defining the terms and conditions of a foreign national’s authorized stay in the Philippines.

CREATE Benefits Small Businesses

CREATE (Corporate Recovery and Tax Incentives for Enterprises Act) has been certified for immediate passage by March 9. It is up to Congress to meet this deadline.

Why the rush? The deadline is set in March when most companies finalize their financial statements and tax returns for the previous year. If the deadline is met, companies will be able to revise their corporate tax payable downwards before they are required to pay them in April.

The Legal 500 Ranks ACCRALAW as a Top-Tier Firm for Capital Markets

The Legal 500 Asia-Pacific ranked ACCRALAW as a Top-Tier Firm for Capital Markets for 2021.

ACCRALAW regularly advises its clients on securities laws and regulation and keeps them abreast of the relevant requirements of the Securities and Exchange Commission and the Philippine Stock Exchange. The Firm has been involved in pre-initial and initial public offerings of local companies, as well as securitization projects, establishment of mutual funds, and the registration of their shares for sale to the public.

ACCRALAW’s Corporate M&A Practice Recognized by The Legal 500

In its Asia-Pacific Rankings for 2021, The Legal 500 ranked ACCRALAW as a Top-Tier Firm for Corporate and M&A.

ACCRALAW advises clients, whether sellers or buyers, in significant M&A deals. The Firm not only performs the due diligence work necessary, but also advises on the investment structure. As a full0service firm, ACCRALAW is able to advise on the different aspects of these transactions from corporate law, competition law, taxation, and employment law.

ACCRALAW’s Dispute Resolution Practice Ranked as Top-Tier by The Legal 500

The Legal 500 Asia-Pacific recognized ACCRALAW as a Top-Tier Firm for Dispute Resolution in its 2021 Editorial.

ACCRALAW has a consistent and outstanding track record in handling high-value and complex disputes. The Firm has successfully represented clients in commercial, administrative, civil, and criminal cases. The Firm’s lawyers regularly appear in trial and appellate courts, including various quasi-judicial and administrative bodies.

New DOLE Guidelines for Additional Protection of Kasambahay

In a recent survey conducted by the Department of Labor and Employment (DOLE) and the Philippine Statistics Authority (PSA), about 1.4 million Filipinos are working as domestic workers or “kasambahay.” They consist of about 3.2% of the labor force in the Philippines as of October 2020. The kasambahay is often considered an essential member in many households across the country. But despite their important role, however, their benefits under the law are often disregarded.