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Enacted into law in 2022, Republic Act No. 11765 or the “Financial Products and Services Consumer Protection Act” (“FCPA”) aims to provide an efficient and effective consumer redress or complaints handling mechanisms such as mediation, conciliation, or other modes of alternative dispute resolution to address conflict/dissatisfaction from financial consumers arising from financial products or services.

Since travel restrictions have been lifted, our airports have been bustling with travelers heading to various destinations around the world for purposes of tourism, business, or employment, among others.

Just last month, representatives from the Enforcement Office of the Philippine Intellectual Property Office (“IPOPHL”) met with representatives of the Korea Trade-Investment Promotion Agency, a trade and investment promotion organization funded and operated by the South Korean government.

The problems brought by the digital economy are not just faced by our country but shared globally, and it is said to undermine the fairness and integrity of tax systems around the world. Bilateral and multilateral treaties are being considered to prevent these tax leakages, while other countries have decided to impose unilateral measures.