ACCRALAW is Benchmark Litigation Asia-Pacific 2024’s Tier 1 Law Firm
ACCRALAW was recently recognized by Benchmark Litigation in its Asia-Pacific 2024 rankings.
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ACCRALAW Cebu Learning Session for MEPZ-HRA
On 16 April 2024, ACCRALAW Partners Louie John D. Lood and Aylward M. Consulta delivered lectures at the Learning Session entitled “Let Us Talk More About Labor Laws” for the Mactan Economic Processing Zone – Human Resource Association Inc. (MEPZ-HRA).
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ACCRALAW as Counsel in Win Before the Supreme Court
ACCRALAW served as counsel of Smartmatic TIM Corporation and Smartmatic Philippines, Inc. in a Petition for Certiorari win before the Supreme Court.
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Further Reforms to FX Rules on Foreign Investments
On 11 April 2024, the Monetary Board approved further amendments to the Manual of Regulations on Foreign Exchange Transactions (the “FX Manual”) in line with the Bangko Sentral ng Pilipinas’ (“BSP”) commitment to further facilitate access to foreign exchange (“FX”) resources of authorized agent banks or their subsidiary/affiliate FX corporations (AABs/AAB forex corps) for legitimate transactions and to streamline documentary requirements, procedures, and reporting.
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ACCRALAW as Counsel in the Compulsory Notification Requirements of the €3 Billion Acquisition of Majorel by Teleperformance SE
ACCRALAW assisted in the compulsory notification requirements under Republic Act No. 10667, or the Philippine Competition Act, in connection with the transaction between Majorel Group Luxembourg S.A. (“Majorel”) and Teleperformance SE worth €3 billion.
ACCRALAW Lawyers in the Society of Construction Law – Philippines
Managing Partner and Senior Partner Patricia-Ann T. Prodigalidad, Senior Partner Jose Martin R. Tensuan, and Senior Legal Counsel Victor P. Lazatin were recently elected to the Council of Trustee of the Society of Construction Law – Philippines (SCL-Philippines).
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Patricia-Ann T. Prodigalidad Designated as Member of OADR Advisory Council
Managing Partner and Senior Partner Patricia-Ann T. Prodigalidad has been designated as a member of the Office for Alternative Dispute Resolution (OADR). She is the representative of the Alternative Dispute Resolution Provider Organizations.
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Establishment of Joint Ventures for Purposes of Undertaking Public-Private Partnership Projects
The significant and indispensable role of the private sector in the delivery of high-quality infrastructure and basic services to the public has long been recognized. Pursuant to its Build-Better-More Program, the Philippine government aims to focus on establishing infrastructure projects which are critical to the country’s development.
Beyond and within borders: PHL’s participation in the BEPS Inclusive Framework may need reconsidering
As digital technologies evolve and reshape the global economy, they pose increasingly complex taxation challenges. The Organisation for Economic Co-operation and Development (OECD) seeks to address these tax challenges through the Base Erosion and Profit Shifting (BEPS) 2.0 project, the Two-Pillar Approach: Pillar One (re-allocation of taxing rights) and Pillar Two (global minimum taxation).
A New Tool to Aid the Enforcement of Intellectual Property Rights in the E-Commerce Space
From 1 January to 1 December 2023, the Bureau of Customs (BoC) seized over P24.36 billion pesos worth of smuggled counterfeit foods, up from P20 billion in the previous year.