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ACCRALAW as Counsel to the Underwriters for DoubleDragon’s Php6 Billion Bond Issuance

ACCRALAW acted as counsel to the Joint Issue Managers, Joint Lead Underwriters and Bookrunners, RCBC Capital Corporation, Unicapital, Inc., and Development Bank of the Philippines, in connection with the Php6 Billion Pesos 3.5-year 8.0080% Bonds (the “Bonds”) issued by DoubleDragon Corporation (“DoubleDragon”).

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ACCRALAW as Counsel to the Underwriters for Megawide’s Php5 Billion Fixed-Rate Bond Offering

ACCRALAW acted as counsel to the Joint Issue Managers, Joint Lead Underwriters, and Bookrunners, PNB Capital and Investment Corporation, RCBC Capital Corporation, and SB Capital Investment Corporation, in connection with Megawide Construction Corporation’s offering of Php5 Billion Fixed Rate Bonds, comprised of 7.6348% Series C Bonds due 2027, 8.0580% 5-year Series D Bonds due 2029, and 8.4758% 7-year Series E Bonds due 2031.

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Engaging individual independent contractors in the Philippines

Contracting out of services is recognized and allowed under Articles 106 to 109 of the Philippine Labor Code. These provisions are implemented by Department of Labor and Employment (“DOLE”) Department Order No. 147-17 (“DO 174”) which defines “contracting” or “subcontracting” as an “arrangement whereby a principal agrees to farm out with a contractor the performance or completion of a specific job or work within a definite or predetermined period, regardless of whether such job or work is to be performed or completed within or outside the premises of the principal.”

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Richmond K. Lee at the New Southbound Intellectual Property Conference

ACCRALAW Partner Richmond K. Lee was a speaker at the 2024 New Southbound Intellectual Property Conference in Taipei, Taiwan last 18 and 19 June 2024. The conference was jointly organized by the Taiwan Intellectual Property Office (“TIPO”), the Taiwan Patent Attorneys Association (“TWPAA”) and the Asian Patent Attorneys Association (“APAA”) Taiwan Group.

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ACCRALAW as Counsel in SM Prime’s Php100 B Debt Securities Shelf Registration

ACCRALAW acted as legal counsel to the Joint Lead Underwriters and Bookrunners, BDO Capital & Investment Corporation, China Bank Capital Corporation, BPI Capital Corporation, East West Banking Corporation, First Metro Investment Corporation, Land Bank of the Philippines, and SB Capital Investment Corporation in connection with SM Prime Holdings, Inc.’s (“SM Prime”) shelf registration of Debt Securities amounting to One Hundred Billion Pesos (PhP100,000,000,000.00) with an initial offering of up to Twenty Billion Pesos (PhP20,000,000,000.00) Fixed Rate Bonds and an oversubscription option of up to Five Billion Pesos (PhP5,000,000,000.00) consisting of 3-year Series V Bonds, due on 2027, 5-year Series W Bonds, due on 2029, and 7-year Series X Bonds, due on 2031.

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