2020

Fundamentals of Criminal Procedure

Like other educational institutions, the University of the Philippines Law Center migrated its Paralegal Training Program online. Partner Chrysilla Carissa P. Bautista is one of the program’s lecturers. Ms. Bautista’s training module provides an introduction to criminal law and an overview of the rules on criminal procedure.

REIT Law and Other Laws

Last 17 December 2020, Partner Eric R. Recalde conducted an online talk on REIT Law, Bayanihan Laws, and CREATE Bill for one of the Firm’s long-standing clients, First Metro Investment Corporation. The virtual session was attended by investment bankers who were eager to learn and understand the impact of these special laws on the capital markets.

Code of Ethics for Professional Accountants

Eric R. Recalde was a speaker at the Metro Manila Ethics & Leadership Summit Joint Quarterly Membership Meeting and Professional Fair organized by the Philippine Institute of Public Accountants (“PICPA”). The event’s theme was “Traversing the New Landscape with Stronger Ethical and Leadership Foundation”. It was held last 10 December 2020.

ACCRALAW as Joint Lead Arrangers and Bookrunners’ Counsel for UnionBank’s Dual-Tranche Peso-Denominated Bond Issuance

ACCRALAW acted as counsel to the joint lead managers (“JLMs”), The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank in connection with the issuance by UnionBank of the Philippines of Php9 Billion Peso-denominated fixed rate bonds via a dual tranche offering. The 3-year tranche carries a fixed coupon rate of 2.750% while the 5.25-year tranche carries an interest rate of 3.375%. This is the third bond issuance by UnionBank under its ₱39 Billion Bonds Program and the first dual-tranche offering issued under the BSP Circular No. 1010 on bank-issued bonds. The bonds were listed with the Philippine Dealing & Exchange Corp. (“PDEx”) on 9 December 2020.

Chrysilla Carissa Bautista Elected to the PBA

The Philippine Bar Association (“PBA”) is the oldest voluntary national organization of lawyers in the Philippines. It was established in 1891. Among its members are lawyers of the Firm.

In the recently concluded elections of the Board of Trustees for 2020 – 2021, the Firm’s Chrysilla Carissa P. Bautista was elected as Trustee.

ACCRALAW as Joint Lead Managers’ Philippine Counsel for AEV’s Bond Issuance

ACCRALAW acted as Philippine counsel to the joint lead managers (JLMs) for AEV International Pte. Ltd.’s (AEV Intl) issuance of USD400 Million unsecured Notes. The notes are unrated, have a fixed coupon rate of 4.2% payable semi-annually and are unconditionally and irrevocably guaranteed by AEV Intl’s parent company, Aboitiz Equity Ventures, Inc. The notes are listed on the Singapore Exchange.