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Early in 2020, the entire country was caught unawares by the COVID-19 virus, and it seemed as if everything had to be put on hold to curb its spread. Unfortunately, businesses were not exempted from such a turn of events.

The pandemic has greatly taught the practicality of investing in properties that appreciate in value over time, i.e., real properties. To forestall, or at the very least mitigate, possible disputes which may ensue, below are some of the tips which a prospective buyer may have to consider before and after acquiring a real property.

By virtue of Republic Act No. 7916, the Philippine Economic Zone Authority (PEZA) was created to establish various economic zones and attract legitimate foreign investments into the country. The PEZA administers certain incentives to local enterprises that operate within these economic zones and helps facilitate their respective business operations.

The Court of Appeals has recently declared unconstitutional a Mandaluyong City ordinance prohibiting male back riders on motorcycles. In so doing, the Court of Appeals held that there was an unlawful exercise of police power because there was no data showing that motorcycle riding criminals are males.

COVID-19 triggered economic losses since the first case was recorded in January 2020. The community quarantine measures imposed by the government severely disrupted business operations and commercial activities and led to a negative impact in our economic performance. For these reasons, the enactment of Corporate Recovery and Tax Incentives for Enterprises (CREATE) law this year was a welcome development.