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What Exactly is Financial Leasing? Definition, Issues, and Requisites

Under Republic Act No. 8556, also known as the Financing Company Act of 1998 (“FCA”), the term financial leasing refers to a mode of extending credit under which the lessor purchases or acquires, at the instance of the lessee, movable or immovable property in consideration of the periodic payment by the lessee of a fixed amount of money over a period of not less than two (2) years during which the lessee has the right to hold and use the leased property.

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ACCRA Cebu Lectures at PMAP Cebu Seminar

On 6 September 2024, ACCRALAW Partner Louie John D. Lood and Associate Chrisha Ver R. Romano-Weigel delivered lectures on important developments on labor and employment laws at a seminar organized by the People Management Association of the Philippines (“PMAP”) Cebu Chapter. The seminar was held at Marco Polo Plaza Hotel and attended by management representatives

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Patents and the Doctrine of Equivalents: Insights from Phillips Seafood Philippines Corporation vs. Tuna Processors, Inc.

The language of the claims limits the scope of protection granted by the patent. The patentees, in enforcing their rights, and the courts, in interpreting the claims, cannot go beyond what is stated in the claims, especially when the language is clear and distinct.

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ACCRALAW’s Supreme Court Win in Patent Infringement Case

ACCRALAW recently brought to a successful conclusion a long-running patent dispute of its client, Phillips Seafood Philippines Corporation (“Phillips Seafood”). The Supreme Court (“SC”) decided that Phillips Seafood is not liable for patent infringement. In 2003, the patent holder of a process for the curing of tuna meat by extra-low temperature smoking filed an action

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