RAMIL E. BUGAYONG

Ramil received his Juris Doctor (J.D.) degree from the Ateneo De Manila University in 1999 where he graduated with honors, and was admitted to the Philippine Bar in 2000. He holds a Master of Business Administration degree (Finance) from the De La Salle University (2006) and a Bachelor of Arts degree from the Ateneo De Manila University (1994). Prior to joining the firm, he has worked in SyCip Salazar Hernandez & Gatmaitan, and was an attorney for the Philippine Department of Finance from 2002-2006.

He was a consultant to the Asian Development Bank and the World Bank on the development of certain non-traditional financial products, and a former lecturer on financial transactions for the joint MBA-JD program of DLSU-FEU.

Relevant Experiences

Banking and Finance

  • Leads a PJSLAW team acting as counsel to a foreign client seeking to establish the Philippines’ first bank to operate exclusively as an e-bank utilizing the mobile network technology platform. Considering the novelty of the transaction, work involves to a large extent creative application of existing laws and banking regulations as well as assisting client to initiate reforms both on branching and e-money regulations of the Bangko Sentral ng Pilipinas (the Philippine Central Bank).
  • Leads a PJSLAW team acting as counsel to the borrower-project proponent in a project financing transaction worth $170 Million for a wind energy power project in the Philippines. Work involves assisting clients in the negotiations and structuring an appropriate security arrangement.
  • Acts as consultant to the Philippine Department of Finance – Municipal Development Fund Office in relation to operational issues arising from its on-lending operations as the official fund conduit of foreign loans and grants to Philippine local government units. Work involved revising and reviewing existing loan documentation and advising on various new product offerings and operational legal issues.
  • Lead a PJSLAW team in acting as counsel to a consortium of major Philippine investment banks in arranging the first-ever issuance by the Republic of the Philippines of the Multicurrency Retail Treasury Bonds worth an aggregate of $500 Million. Work included advising the client on the regulatory requirements for the bonds issuance; structuring the transaction to comply with relevant Philippine law requirements; representing the client in negotiations and discussions with the Bureau of Treasury, Bureau of Internal Revenue, Bangko Sentral ng Pilipinas, Department of Finance and Department of Justice; drafting of the documentation for the program mechanics and related submissions to the various government agencies; participating in the international roadshow aimed at introducing Multicurrency Retail Treasury Bonds to various Filipino communities in Europe, US, Middle East and East Asia.
  • Acted as lead legal counsel to a domestic corporate issuer of up to P3.5 billion corporate notes. Work involves assisting client in the negotiations and structuring of the transaction.
  • Acted as counsel to the biggest Philippine microfinance NGO and a foreign financial advisor on a P500 million financing transaction for the first ever corporate notes issuance of a local microfinance institution. Work involved advising the client on the regulatory requirements; structuring the appropriate security arrangement; assistingthe client in negotiations and completion of the transaction.
  • He previously acted as consultant to the Asian Development Bank in the exploration of possibility of ADB directly extending loans to Philippine local government units. Work involved surveying the Philippine regulatory environment for official borrowings and local government borrowing framework. The work resulted in the issuance by the Philippine Department of Interior and Local Government of an official confirmation that ADB can directly extend loans to Philippine LGUs.
  • He previously advised the World Bank-Consultative Group to Assist the Poor (WB-CGAP) on its diagnostic mission to analyze the policy, legal and regulatory environment for branchless banking in the Philippines. Worked involved surveying the Philippine regulatory environment on mobile banking, payment systems, e-commerce, data privacy and other related fields. The work resulted in the publication of the “Notes on Regulation of Branchless Banking in the Philippines.”

Public-Private Partnership

  • He presently leads a PJSLAW team working in association with KPMG Philppines-Manabat Sanagustin & Co. on the Philippine Infrastructure Financing Facility (PIFF) Project for the Asian Development Bank. The project is a case study for the development of an infrastructure financing facility in the Philippines to address the gaps in the financing requirements for the development of PPP Projects in the Philippines. The project involves the study of relevant PPP experience in the Philippines vis-à-vis the issue of financing gaps that can be addressed by the PIFF, the optimal corporate vehicle for the implementation of the PIFF, as well as the financial products and financial advisory services that can be offered by the PIFF to PPP Project stakeholders.
  • Leads a PJSLAW team acting as counsel to a major Swiss multinational corporation in an unsolicited BOT proposal for the development of a multi-billion peso information technology project with the Philippine Government intended to improve fiscal administration. Work included a review and redrafting of the unsolicited BOT contract and proposal; advising the client and other relevant partner-government agencies on the BOT and Government Procurement Process; structuring of implementation strategies to fit within the various frameworks of BOT and/or Government Procurement Process; advising the client in relation to a Congressional inquiry on the Project in aid of legislation; and negotiating/facilitating with the relevant Philippine Government agency, the National Economic and Development Authority (NEDA) and other partner-government agencies in relation to the Project.
  • Acted as counsel for a proponent in the preparation of an unsolicited Build-Operate-and-Transfer (BOT) proposal for the development of a multi-billion peso sanitary landfill facility. Work included drafting, submission and processing of the unsolicited BOT contract and proposal to the government.
  • Acted as counsel to a multilateral development institution in providing transaction advisory services to the Philippine Light Rail Transit Authority (LRTA) for its South Extension Project to extend the current LRT line to Cavite, Philippines. Work included providing legal advisory services to the client on the various legal issues involved in the project.
  • Acted as counsel to a multilateral development institution in providing transaction advisory services to the Metro Cebu Water District for its Carmen Bulk Water Supply Project in the Province of Cebu. Work included providing legal advisory services to the client on the various legal issues involved in the project.
  • Acted as counsel to a multinational firm in participating in a bid tendered by the Bangko Sentral ng Pilipinas (BSP) for a multi-million peso procurement of security inks for bank notes printing. Work included reviewing the bid instructions, preparing the necessary bid documents on behalf of the client, participating in the bidding process, and a review and deeper understanding of Republic Act No. 9184, the Government Procurement Reform Act.