Publications

Just before the close of 2022, the Monetary Board approved the amendments to the provisions of the Manual of Regulations for Banks (“MORB”) on credit exposure limits to a single borrower as well as the definition of capital for purposes of determining compliance with prudential limits and requirements.

Libel is one of the most the controversial crimes currently present in Philippine law. Countless debates have raged on between its proponents and detractors, with both sides equally relentless about their respective positions. However, just like anything else in the world, the wisdom behind the continuing criminalization of libel is a complicated one. Both sides of the divide possess convincing and sober points that deserve consideration.

The Bangko Sentral ng Pilipinas (BSP), pursuant to the rulemaking authority vested in it by the recently enacted Financial Products and Services Consumer Protection Act (Republic Act No. 11765), issued Circular No. 1160 Series of 2022 amending the financial consumer protection regulations contained in the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI).

In October 2022, the Philippine Amusement and Gaming Corporation (PAGCOR) revoked the licenses of 176 Philippine Offshore Gaming Operators (POGO) in view of rampant immigration violations, tax evasion, and the commission of heinous crimes within the industry.

In 2016, several art scholars and museums embarked on a project to digitally produce 17th-century artist Rembrandt’s next work, by using a computer to analyze his paintings and generate a new one that was digitally based off the style present in his works.

As we all know, a huge portion of our government coffers are derived from taxation. The Bureau of Internal Revenue (BIR) is the agency mandated by law to enforce tax laws, assess, and collect national taxes.

To recall, under the administration of former President Rodrigo Duterte, the Department of Labor and Employment (DoLE) issued Department Order No. 174, series of 2017 (“DoLE DO 174-17”).

On 29 September 2022, the Department of Justice (“DOJ”) rendered its Opinion No. 21, Series of 2022 (“Opinion”), holding that the 40% foreign equity limitation as provided under the 1987 Constitution should not apply to the exploration, development, and utilization of inexhaustible renewable energy (“RE”) resources.

The unregulated purchase, use, and deactivation of SIM cards made it difficult for law enforcement agencies to identify and apprehend those who commit wrongdoings with the use of cellular phones.