Archive for the 'Corporate and Investments' Category

Primer on the Anti-Red Tape Act of 2007 (RA 9485)

Is there a law that deals with red tape? Yes. In addition to laws that deals with red tape, Congress enacted Republic Act (R.A.) No. 9485, also known as the “Anti-Red Tape Act of 2007“. If you want the longer title, it’s “An Act to Improve Efficiency in the Delivery of Government Service to the Public […]

Renewable Energy (RE) and RE Service Contracts

While the topic on Renewable Energy (RE) is understandably greek and unappealing to many, it is of great interest to some, as gauged from the number of queries we’ve received. So we are posting this basic Q&A, part of the literature and opinions that we’ve prepared for clients involved in Renewable Energy. In an effort […]

FAQ on 13th Month Pay

What is 13th month pay? It is a form of monetary assistance equivalent to the monthly basic compensation received by an employee, computed pro-rata according to the number of months within a year that an employee has rendered service to an employer (basic monthly pay/12 x number of months actually worked).

Holiday Economics in the Philippines

We celebrate holidays to commemorate an event or a person of special significance to the country. While the declaration of holidays is supposed to bring unity, it sometimes results to confusion in the workplace, even if unintended.

Eid’l Adha (November 27-28): Regional Holiday

(Malacanang earlier issued Proclamation 1808, declaring November 27 and 28, 2009 as “national holidays”, in observance of Eid’l Adha, one of Islam’s greatest feasts. Many were wondering why it’s a national holiday, when RA 9492 provides that it’s a regional holiday. Proclamation 1808-A was subsequently issued, providing that Eid’l Adha is a regional holiday in […]

Eid’l Adha as National Holiday: Computation of Holiday Pay for November 27 and 28, 2009

(Malacanang declared November 27 and 28, 2009 as “national holidays”, in observance of Eid’l Adha, one of Islam’s greatest feasts. Many were wondering if “national holiday” means a regular holiday or a special holiday. This is clarified in the Labor Advisory issued by DOLE. The full text of Proclamation No. 1808 and the DOLE Labor […]

Dam Operator liable for Negligence in Flooding

The recent flooding recently caused by the heavy rainfall brought by Typhoons Ondoy and Pepeng has caused tremendous damage to life and property. Also recently, there are threats to sue the dam operators who were allegedly negligent in releasing water too late and without sufficient warning.

Liability of a Co-Maker: Distinguished from Guarantor

Maybe you’ve been asked by a friend to sign as a co-maker in a loan. You’re then asked to sign a promissory note or a debt instrument which designates you as a co-maker. There should be no problem with this, as the principal is usually someone we know and trust. I’ve seen, however, co-makers being […]

Ownership of Philippine Land by Foreigners

Aliens, as a general rule, are not allowed to own real property in the Philippines. By “aliens”, we don’t mean creatures from outer space, but persons who are citizens of other countries. By “general rule”, we mean that there are certain exceptions, and two of such exceptions are discussed below.

How to Register a Corporation with the Securities and Exchange Commmnission (SEC)

Many business people or entrepreneurs are not deterred by the current economic malaise that is affecting many countries. Many are still starting businesses and creating new corporations. So, for the brave few, here’s a guide on registering a corporation with the Securities and Exchange Commission (SEC).

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