Archive for December, 2007

A Merry Christmas and Prosperous New Year to Everyone

Another year has passed and, with it, the hope that each one’s hard work will soon bear fruit. This is also another opportunity for everyone to give thanks for all blessings, big or small.

Forms of Business: Sole Proprietorship, Partnership, Corporation

After deciding to start a business (and the particular business to pursue), one of the important issues is the form of business entity that will serve as the vehicle in pursuing the business. You may say that the next important issue is the source of funding, which is correct, but that issue will be discussed [...]

Jurisdiction of Philippine Courts

Jurisdiction sounds a bit intimidating for the layman, specially if you add “court” to it. This is particularly true if there’s a “foreign element,” such as in contracts, where a particular aspect of the contract — whether in its nature, negotiations, execution, performance or breach — is done or governed in a territorial jurisdiction outside [...]

Basics of the Lending Company Regulation Act of 2007 (RA 9474)

On 22 May 2007, Republic Act No. 9474, also known as the “Lending Company Regulation Act of 2007,” was approved. The law is consistent with the delcared policy of the State to regulate the establishment of lending companies and to place their operation on a sound, efficient and stable condition to derive the optimum advantages [...]