Legal Framework
From The Report: The Philippines 2016
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This chapter explores the legal framework of the Philippines, focusing on new legislation for foreign banks, legal procedures for mergers and acquisitions, and rules on data privacy and anti-money laundering, among other recent developments. It also contains an interview with Rafael A Morales, Managing Partner, SyCip Salazar Hernandez & Gatmaitan.

Articles from this Chapter

Overview

Real estate transaction rules: A look at the key regulations for real estate transactions
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A complex system of laws, rules and regulations apply to real estate and real estate transactions in the Philippines. Key prohibitions on the ownership and disposition of lands are found in organic law (i.e., the 1987 Philippine Constitution), while incentives and other regulatory mechanisms for the sale, purchase, lease and ownership of different types of real estate are scattered in various statutes and regulations. Local governments regulate the ownership and disposition of real estate through…

Interview

A level playing field: OBG talks to Rafael A Morales, Managing Partner, SyCip Salazar Hernandez & Gatmaitan
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Interview:Rafael A Morales What are some of the key components of the Philippine Competition Act (PCA)? RAFAEL A MORALES: The PCA is in keeping with the ASEAN Regional Guidelines on Competition Policy. The PCA prohibits business practices that curb market competition through anti-competitive agreements and the abuse of dominant positions, and requires notification of mergers and acquisitions whose value exceeds P1bn ($22.2m) The Philippine Competition Commission is the regulator in charge…