Publications

As early as 2022, the Bangko Sentral ng Pilipinas (“BSP”) disclosed that with the continued surge of Unit Investment Trust Funds (“UITFs”) in terms of both volume and number of participants, they are set on establishing a common framework across the trust industry on benchmark selection.

Enacted into law in 2022, Republic Act No. 11765 or the “Financial Products and Services Consumer Protection Act” (“FCPA”) aims to provide an efficient and effective consumer redress or complaints handling mechanisms such as mediation, conciliation, or other modes of alternative dispute resolution to address conflict/dissatisfaction from financial consumers arising from financial products or services.

Since travel restrictions have been lifted, our airports have been bustling with travelers heading to various destinations around the world for purposes of tourism, business, or employment, among others.

Just last month, representatives from the Enforcement Office of the Philippine Intellectual Property Office (“IPOPHL”) met with representatives of the Korea Trade-Investment Promotion Agency, a trade and investment promotion organization funded and operated by the South Korean government.

The problems brought by the digital economy are not just faced by our country but shared globally, and it is said to undermine the fairness and integrity of tax systems around the world. Bilateral and multilateral treaties are being considered to prevent these tax leakages, while other countries have decided to impose unilateral measures.

Republic Act No. 11641 created the Department of Migrant Workers (“DMW” or “Department”), which has the mandate to regulate the recruitment, employment, and deployment of Overseas Filipino Workers (“OFWs”), among others.

Republic Act No. 11659, amending Commonwealth Act No. 146 or the Public Service Act, (the “Amended PSA”), was passed into law last 21 March 2022, with the intent to, among others, expand investments into the public services sector, a sector that has been generally considered as “highly regulated.”

As the Philippine enters what is traditionally called the “wet season”, Filipinos across the country must deal with the effects of the torrential rains that accompany monsoon season.

The labor force is the pillar of the Philippine economy, and ensuring fair and just working conditions is vital in order maintain a productive and harmonious society.