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Legal Considerations of Employee Termination

What legal considerations do firms need to be aware of when letting staff members go during a pandemic? And is a zoom or skype call the best way to break the news?

The Labour Advisory No.1, Series of 2020, of the Department of Labour and Employment (DOLE) states that “employees who fail or refuse to work by reason of imminent danger resulting from natural or man-made calamity shall not be … subject to any administrative sanction”.

On COVID 19 and Employee Dismissals in the Philippines

Labor Advisory No.1, Series of 2020, of the Department of Labor and Employment (DOLE) prescribes that “employees who fail or refuse to work by reason of imminent danger resulting from natural or man-made calamity shall not be … subject to any administrative sanction”. This was issued on 13 January 2020 by the DOLE Secretary before the President declared a 6 month period of national public health emergency on 16 March 2020.

The Legal 500 Litigation Country Comparative Guide

Written in question and answer format, the Legal 500 Country Comparative Guide on Litigation provides an overview of the rules or procedure and legal processes. For the Philippines, ACCRALAW provided the answers to familiarize companies and in-house counsels with the applicable rules of procedure. The Firm’s Ramon G. Samson, George S.D. Aquino, Antonio Bonifacio C. Reynes, Angelmhina D. Lencio and Julienne Therese V. Salvacion co-authored this guide.

COVID-19 Update and Considerations

No different from other countries in the world, the Philippines continues to fight the COVID-19 pandemic. The Office of the President, Congress, and different government agencies have promulgated various issueance to guide all affected individuals, businesses and communities during this time.

Publicly Listed Companies Going Private

Over the recent past, the media has been abuzz with complaints from the investing public about the price at which publicly listed companies (PLCs) that are going private are buying back their shares.

To address shareholder complaints, the Philippine Stock Exchange (PSE) is reportedly proposing an amendment of its delisting rules to require that the applicant PLC submit three names from which the PSE will choose the company that will perform the valuation appraisal for its shares.

ASEAN Fintech Ecosystem Benchmarking Study

Christopher Louie D. Ocampo and Paula P. Plaza from the Firm’s Litigation and Dispute Resolution Department co-authored the ASEAN Fintech Ecosystem Benchmarking Study. This study was jointly produced by the Cambridge Centre for Alternative Finance at Cambridge Judge Business School, the Asian Development Bank Institute and FinTechSpace.

The One Person Corporation

With the advent of Republic Act No. 11232, otherwise known as the “Revised Corporation Code of the Philippines,” (RCC) which became effective on Feb. 23, one need not assemble a group of at least five individuals in order to establish a Philippine domestic corporation.

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