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• Advised underwriters in the P2.0B Corporate Notes Issuance by the Philippine Ports Authority and the P2.0B Retail Housing Bonds issued by the Home Development Mutual Fund (PagIBIG Fund).
• Advising Deutsche Bank Strategic Investment Group and Morgan Stanley Emerging Markets in the purchase of portfolios of distressed assets from a local banks under the SPAV Law.
• Acting as legal adviser to an asset management company currently servicing a portfolio of residential mortgage loans.
• Acted as consultant to the Privatization Office of the Department of Finance (DOF) which included advise on the sale by the Philippine Government of its indirect shareholding in the Philippine Long Distance Telephone Company (PLDT).
• As special counsel to the DOF, work included,
among others, providing:
(i) Assistance in relation to the rehabilitation of a public utility
company. Work included (i) negotiation with project sponsors, international
and local lenders and the rehabilitation receiver on key terms of
the restructuring of debt obligations; (ii) review of the concession
agreement and its amendments and assess the impact of the rehabilitation
proceedings on such agreements; and (iii) drafting of various agreements
related to the rehabilitation of the project company and the restructuring
of its debt obligations.
(ii) Advising the DOF on certain legal and regulatory issues involving
(i) the public utility regulator and the project company providing
water services; (ii) the provision of credit enhancements by the
Philippine Government (such as Performance Undertakings) to water
supply projects with private sector participation under the BOT
Law; and (iii) the viability of tapping Government Financial Institutions
as conduits for water sector related loans funded by multilateral
financial institutions.
(iii) Advising the Privatization Council and the Privatization
Management Office (PMO) on the privatization of a portion of the
Philippine Government's interest in an oil and gas exploration contract,
including the review of the public bidding procedures and tender
documents to ensure compliance with privatization laws.
(iv) Acting as legal adviser: (i) on the restructuring of P42 Billion
worth of loan obligations of the government owned and controlled
corporation involved in housing projects; (ii) for the Bids and
Awards Committee for the disposition through a public bidding of
approximately P13 Billion worth of non-performing residential mortgage
loans, including the review of the bidding procedures and terms
of reference, and the drafting of bidding/tender documents; (iii)
for the regulatory framework for the joint venture of the government
corporation and the winning bidder for the purchase of the non-performing
loans, including coordination with the various government agencies
to secure the required approvals.
(v) Negotiating with international and local lenders and reviewing
transaction documents in relation to the issuance by the Philippine
Government of guaranteed loans and government bonds. Also acted
as DOF representative to the Inter-Agency Committee on the Review
of Foreign Loan Documents composed of the DOF, Bangko Sentral ng
Pilipinas and the Department of Justice
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