Briefings

We have prepared briefings on COVID-19 related issuances for our clients. These briefings focus on key topics and aim to help SyCipLaw clients analyze how issuances affect certain aspects of their business operations.


Please click the title of the briefing to view it in full.

The Philippine Supreme Court recently released the “Guidelines on the Implementation in the Philippines of the Hague Service Convention on the Service Abroad of Judicial Documents in Civil and Commercial Matters” (Supreme Court Administrative Order No. 251-2020). These guidelines took effect on October 1, 2020.

The briefing was prepared by SyCipLaw partner John Christian Joy A. Regalado with the assistance of associates Kathleen Mae L. Nieto and Severino Miguel B. Sanchez.


The Bangko Sentral ng Pilipinas (BSP, the Central Bank of the Philippines) has issued Memorandum No. M-2020-074 to implement Section 4(uu) of the Bayanihan to Recover as One Act which grants debtors a one-time 60-day grace period for loan payments that are due on or before December 31, 2020. The memorandum, which took effect on October 1, requires all BSP-Supervised Financial Institutions with lending operations to implement a non-extendible, one-time 60-day grace period on the payments of all loans that are existing, current, and outstanding beginning September 15, 2020, including the payments of the principal and interest.

The briefing was prepared by SyCipLaw associate Samantha Marie C. Sundiam.


An increasing number of Filipinos are opting to do their transactions online, as well as turning to Internet-based content for entertainment. With this, Philippine authorities are inevitably focusing their regulatory gaze on the electronic commerce (eCommerce) industry and streaming services.

The briefing was prepared by SyCipLaw partner Rose Marie M. King-Dominguez with the assistance of associates Leo Francis F. Abot, Christopher A. Capulong, and Lloyd Marc Vincent M. Flores.


SyCipLaw’s Competition and Anti-trust practice group has prepared a briefing on the implementation of Section 4(eee) of Bayanihan 2 on the transaction value threshold for the exemption from compulsory notification.

The briefing was prepared by SyCipLaw partners Arlene M. Maneja and Franco Aristotle G. Larcina.


SyCipLaw’s Banking, Finance and Securities Department has prepared a briefing on Securities and Exchange Commission Memorandum Circular No. 23, Series of 2020, dated August 18, 2020, which provides a regulatory framework for the creation and operation of Corporate Debt Vehicles.

The briefing was prepared by SyCipLaw partner Vicente D. Gerochi with the assistance of associate Kevin Joseph C. Berbano.


SyCipLaw’s Litigation Department has prepared a briefing on the Department of Justice Circular No. 016 (Rules Implementing the Criminal Provisions of Republic Act No. 10667, Otherwise Known As the Philippine Competition Act) (“PCA Rules on Criminal Provisions”).  

The briefing was prepared by SyCipLaw partners Ricardo Ma. P.G. Ongkiko and John Christian Joy A. Regalado, and associates Severino Miguel B. Sanchez and Kathleen Mae L. Nieto.


SyCipLaw’s Tax Department prepared a TIPS bulletin for the month of September.

The briefing was prepared by SyCipLaw Tax Department lawyers headed by Carina C. Laforteza.


SyCipLaw’s Competition and Anti-trust practice group has prepared a briefing on the competition law aspects of Bayanihan 2 (the Bayanihan to Recover as One Act which was signed into law on September 11, 2020).

The briefing was prepared by SyCipLaw partners Arlene M. Maneja and Franco Aristotle G. Larcina.


SyCipLaw’s Tax Department prepared a TIPS bulletin for the month of August.

The briefing was prepared by SyCipLaw Tax Department lawyers headed by Carina C. Laforteza.


SyCipLaw’s Tax Department prepared a TIPS bulletin for the month of July.

The briefing was prepared by SyCipLaw Tax Department lawyers headed by Carina C. Laforteza.


SyCipLaw’s Banking, Finance and Securities Department has prepared a briefing on Philippine Stock Exchange (PSE) Memorandum Circular 2020-0076 dated August 3, 2020, which sets out the Guidelines on Minimum Public Ownership Requirement for Initial and Backdoor Listings.

The briefing was prepared by SyCipLaw associate Yzabel Renee R. Espino with the assistance of Vicente D. Gerochi and Joyce de Guzman.


SyCipLaw’s Litigation Department has prepared a briefing on the Supreme Court Administrative Matter No. 20-07-04-SC (2020 Interim Rules on Remote Notarization of Paper Documents) dated July 14, 2020 (“RON Rules”) 

The briefing was prepared by SyCipLaw partners Ricardo Ma. P.G. Ongkiko and John Christian Joy A. Regalado


SyCipLaw’s Banking, Finance and Securities Department has prepared a briefing on BSP Circular No. 1089 which sets out the Payment System Oversight Framework (Oversight Framework) dated July 7, 2020.

The briefing was prepared by SyCipLaw partner John Paul V. De Leon and associate Diane Kristel E. Falcoleto.


SyCipLaw’s Special Projects Department has prepared a briefing on IC Circular Letter No. 2020-73 (“ICL 2020-73”): “Guidelines on the Adoption of a Regulatory Sandbox Framework for Insurance Technology (InsurTech) Innovations” dated June 14, 2020.

The briefing was prepared by SyCipLaw partners Rose Marie M. King-Dominguez, Hiyasmin H. Lapitan, and John Paul V. De Leon.


The briefing provides guidelines on the conduct of online or virtual proceedings. In response to the clamor of various CIAC arbitral tribunals and CIAC sole arbitrators seeking guidance on how to proceed with their CIAC arbitration proceedings during the community quarantine
brought about by the COVID 19 pandemic, CIAC issued Memorandum Circular No. 01-2020. It provides guidelines on the conduct of online or virtual
proceedings and these guidelines have been in effect since June 15, 2020.

The briefing was prepared by SyCipLaw partners Ricardo Ma. P.G. Ongkiko and John Christian Joy A. Regalado, with the assistance of associate Christopher A. Capulong.


SyCip Salazar Hernandez & Gatmaitan’s (SyCipLaw) publication about the general guidelines in doing business in the Philippines has been updated. It aims to showcase the Philippines as an attractive venue for business ventures, to guide the businessmen and lawyers alike in their business decision making, and to help investors restart the Philippine economy in connection with the lifting of certain COVID-19-related quarantine restrictions.

The updates include the changes in the requirements to set up a corporation based on the Revised Corporation Code of the Philippines (Republic Act No. 11232) and the recent issuances of the Philippine Securities and Exchange Commission, which intend to make it easier to do business in the Philippines.

SyCipLaw partners Bhong Paulo A. Macasaet and Joan Mae S. To-Conejos prepared the updated version, with the assistance of legal assistants Kevin Joseph C. Berbaño, Raymond Joseph S. Garcia, and Ma. Jhysty G. Pineda. 


Analysts predict that the Philippine economy may contract by as high as 9% in the second quarter of 2020. The country’s financial managers and some policymakers are asking that Congress prioritize some key bills — the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), the Digital Economy Taxation Act, and An Act Ensuring Philippine Financial Industry Resiliency Against the COVID-19 Pandemic – in the hope that these measures can address the impact of the pandemic on business and the economy.
 
This briefing notes the status and highlights of these bills, as well as a look at a COVID relief measure for small and medium enterprises.

The briefing was prepared by SyCipLaw partners Carina C. Laforteza, Vicente D. Gerochi IV, John Christian Joy A. Regalado, and Maria Patricia B. Paz.


The NPC has issued a bulletin answering FAQs on returning-to-work and current work-from-home arrangements (NPC PHE Bulletin No. 14: Updated Frequently Asked Questions (FAQs)). The full text of the NPC bulletin FAQs can be found here: https://www.privacy.gov.ph/2020/06/npc-phe-bulletin-no-14-updated-frequently-asked-questions-faqs/.   
 
The briefing was prepared by SyCipLaw partner Rose Marie M. King-Dominguez.


With the National Capital Region (NCR) — which includes Manila, Makati, Taguig, Pasig, Quezon City, and surrounding cities — entering a “modified enhanced community quarantine” phase (from May 16, 2020 to May 31, 2020), and other regions being placed under a less restrictive general community quarantine, Philippine businesses that have had to suspend operations since March 17 will now need to step up their return-to-work plan.

SyCipLaw has prepared a general checklist that may help with these preparations. This is based on, among others, government press briefings and announcements on COVID 19-related guidelines, and focuses on MECQ-relevant rules.

The checklist was prepared by SyCipLaw partners Rose Marie M. King-Dominguez, Carina C. Laforteza, Ronald Mark C. Lleno, Hiyasmin H. Lapitan, John Christian Joy A. Regalado, and Ma. Patricia B. Paz.


The COVID-19 pandemic has forced companies to change the way that they do business. The fact that the National Capital Region is currently under a Modified Enhanced Community Quarantine (MECQ), and prior to that, was under Enhanced Community Quarantine (ECQ) for two months since 16 March 2020, makes it difficult for Philippine domestic corporations to navigate the Philippine business landscape and conduct business as usual. There is a need to adapt, and the Securities and Exchange Commission (SEC) has issued a number of regulations in an attempt to address certain issues that companies are facing.

SyCipLaw prepared a legal briefing to give its clients an overview of recent SEC regulations and to help them address corporate governance issues triggered by the current pandemic, or issues which have become more relevant because of it.

The briefing was prepared by SyCipLaw partners Simeon Ken R. Ferrer, and Leah C. Abutan.


Philippine government agencies continue to issue additional and more specific guidelines on dealing with business continuity concerns, in light of more enterprises being able to resume operations under the Modified Enhanced Community Quarantine (MECQ), and more areas now being under the less restrictive General Community Quarantine (GCQ).

SyCipLaw has prepared a general checklist that may help businesses on preparing guidelines for employees’ re-entry. This is based on, among others, government press briefings and announcements on COVID 19-related guidelines, and focuses on MECQ-relevant rules.

The checklist was prepared by SyCipLaw partner Ronald Mark C. Lleno.


The National Privacy Commission (NPC) has issued guidelines on data protection in work from home (WFH) arrangements (NPC PHE Bulletin No. 12 on “Protecting Personal Data in a Work from Home Arrangement; issued May 15, 2020). 

SyCipLaw prepared a legal briefing to give its clients an overview of recent NPC bulletin and to help them address possible issues that may arise from a work-from-home arrangement.

The briefing was prepared by SyCipLaw partner Rose Marie M. King-Dominguez.


SyCipLaw prepared a briefing which takes a deeper dive into the labor and employment aspect of COVID-19 issuances. 

The briefing was prepared by SyCipLaw partner Dante T. Pamintuan.


SyCipLaw’s Litigation and Dispute Resolution group prepared a legal briefing that touches on Philippine issues in Litigation triggered by the global pandemic.

The briefing was prepared by SyCipLaw partners Ricardo Ma. P.G. Ongkiko and Ma. Patricia B. Paz.


SyCipLaw’s TMT group prepared a legal briefing that touches on Philippine issues in TMT triggered by the global pandemic.

The briefing was prepared by SyCipLaw partners Rose Marie M. King-Dominguez, Franco Aristotle G. Larcina, and John Paul V. De Leon.