Legal Framework
From The Report: Philippines 2019
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This chapter examines the legal system of the Philippines, including recent reforms that have been passed into law and their impact on the business community. The chapter covers amendments to: The New Central Bank Act; The Philippine Deposit Insurance Act; The Anti-Money Laundering Act. In addition, it provides an overview of the newly implemented Act Strengthening Compliance with Occupational Safety and Health Standards and Providing Penalties for Violations Thereof; Telecommuting Act; and the 105-Day Expanded Maternity Leave Law; and The Revised Corporation Code. This chapter also contains an interview with Alejandro Alfonso E Navarro, Managing Partner, Villaraza & Angangco Law.

Articles from this Chapter

Overview

Acts in effect: Comprehensive legislative developments to bolster the economy
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The current administration is continuing its push to bolster the Philippine economy’s resilience by putting strong policies in place to promote state and market collaboration. These include initiating much-needed reforms to open the market, supplementing job creation through ambitious infrastructure projects, and strategically addressing poverty reduction and labour expansion. The developments listed hereunder reflect the country’s commitment to sustained and inclusive growth driven,…

Interview

New heights: Alejandro Alfonso E Navarro, Managing Partner, Villaraza & Angangco Law, on stimulating private sector activity and boosting foreign investment
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Interview:Alejandro Alfonso E. Navarro What regulatory changes are being implemented to stimulate private sector activity? ALEJANDRO ALFONSO E. NAVARRO: The Philippines has had consistent problems with basic regulatory processes such as the issuance of business permits, due to both corruption and simple red tape. This was a major factor contributing to the decline in the country’s ranking in the World Bank’s “Doing Business 2018” report. The biggest challenge is for the Anti-Red…