WHEN IS PROCESSING OF PERSONAL INFORMATION LAWFUL?

By: Richelle Dianne R. Patawaran on July 26, 2018 The Data Privacy Act of 2012 (DPA) prohibits the processing of “personal information” except when certain conditions exist. Thus, personal information controllers have been very cautious in releasing information, such as lists of names, etc., in fear...

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THE REMEDY OF PRIOR DISCLOSURE FOR IMPORTERS

By: Mark Anthony Tamayo on July 19, 2018 It’s common for regular importers to be oblivious of the mistakes and errors in the details of particulars of their previously filed goods declarations relative to their past shipments of goods into the country. Importers generally consider their declarations...

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MENTAL HEALTH IN THE PHILIPPINES

By: Samantha Poblacion on July 12, 2018 The recognition of mental health as a basic human right in the Philippines finally came to pass after the Philippine Mental Health Law (Republic Act No. 11036, or RA 11036) was signed into law on June 21, 2018. The bill was pending in Congress for almost 20...

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The SEC Company Registration System

By: Florian Salcedo on July 5, 2018 On November 21, 2017, in time for its 81st anniversary celebration, the Securities and Exchange Commission (SEC) launched the full implementation of the SEC Company Registration System (CRS), an online platform providing for the full automation and online processing...

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RENEWAL OF EXPIRED CORPORATE TERM

By: Euney Marie Mata-Perez on June 28, 2018 Reaching 50 years is no mean feat for a corporation and certainly a milestone worthy of a grand celebration. However, from a corporation law standpoint, it can mean the “death” of the corporation when no application for extension or renewal of corporate...

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ATTORNEY-CLIENT PRIVILEGE AND THE BIR

By: Florian Salcedo on June 21, 2018 On February 22, 2018, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 12-2018 which effectively grants the Commissioner of Internal Revenue (CIR) the power to compel lawyers to divulge information of their clients as taxpayers....

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MERGER TAX ISSUES REVISITED

By: Euney Marie Mata-Perez on June 14, 2018 In the corporate world, mergers are effective means to forge alliances and achieve economies of scale. Because resources are combined, mergers help companies grow and diversify as well as boost their market penetration. They can also simplify complex group...

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REGULATING THE VIRTUAL CURRENCY SPACE

By: Samantha Poblacion on June 7, 2018 On the eve of December 17, 2017, the price of the world’s first and most-traded virtual or cryptocurrency, Bitcoin, reached an all-time high of $19,783.21 since the publication of Satoshi Nakamoto’s white paper on the use of Bitcoin in 2009, when each coin had...

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INTEGRITY AND THE LAW

By: Euney Marie J. Mata-Perez on May 31, 2018 A few days ago, we saw the premiere of the movie entitled “Honor,” which is about the life of Jose Abad Santos, the fifth chief justice of our Supreme Court, and who briefly acted as President of the Commonwealth and Commander in Chief of the Philippine...

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