Foreign firms required to disclose beneficial ownerships

The Philippine Securities and Exchange Commission (SEC) is directing all foreign corporations to fully disclose their beneficial owners. SEC Memorandum Circular No. 30 (series of 2020) requires all foreign corporations (such as branch office, representative office and regional area/operating headquarters) to include information on their beneficial owners through the use of the Beneficial Ownership Declaration page of …
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PJS Law receives Top Tier ranking in IFLR1000!

As we celebrate our 23rd anniversary, we continue to forge into the future with the marks of excellence and leadership that has become the brand of PJS Law. In the recent IFLR1000 30th edition, our Project Development team was given the highest ranking among Philippine law firms. We are also especially proud of our Partners, …
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President signs Bayanihan 2 law

On 11 September 2020, President Rodrigo Roa Duterte signed into law Republic Act No. 11494, otherwise known as the Bayanihan to Recover as One Act or Bayanihan 2. The law will provide stimulus and relief packages to jumpstart the recovery of the Philippine economy and to augment government’s response with the effects of the COVID-19 …
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NPC extends validity of PICs and PIPs

The National Privacy Commission (“NPC”) announced on 30 June 2020 that, due to the COVID-19 pandemic, its targeted launch for the new Phase II registration system is moved from 01 July 2020 to 04 January 2021. In line with this, the NPC is also extending the validity of all existing Phase I registrations of Personal Information …
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Updates on Relevant Regulations in relation to COVID-19

PJS Law continues to monitor updates on relevant government regulations in relation to COVID-19. The advisories include the following: General Guidelines: New Normal MSMEs (updated) Taxation (updated) Employment (updated) Immigration (updated) Judiciary Regulatory Monitor as of 19 March 2020 Energy Department of Labor and Employment  BPOs and export-oriented industries Corporate updates     Photo by Ali Yahya …
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Generating revenue—and value—in a post-ECQ environment

By Monalisa C. Dimalanta Entrepreneurs these days ask: How can my business stay afloat amid the coronavirus disease (COVID-19) crisis? Can we still generate revenue even during the enhanced community quarantine (ECQ)? What will the “new normal” look like—and how do I prepare my business for it? We confronted these issues head-on in UNAWA when …
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Philippines launches RapidPass system

In response to the ongoing health crisis, the Philippine Government launches RapidPass, a system that utilizes digital technology in getting our frontliners and workers providing essential services across checkpoints in locked-down areas. RapidPass is developed over a period of three weeks through close collaboration between private and public sector participants. The project aims to speed …
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NPC: Phase II of automated registration system to be launched in July 2020

The National Privacy Commission (“NPC”) has announced last 6 March 2020 that its targeted automated registration system for Phase II registration is targeted to be launched in July 2020. The validity of registrations of Personal Information Controllers (“PICs”) and Personal Information Processors (“PIPs”) who were able to complete their initial Phase I registration are valid …
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Overview and Updates on COVID-19

On 16 March 2020, the Philippine Government imposed Enhanced Community Quarantine and stringent Social Distancing Measures over the entire island of Luzon, including the National Capital Region, to address the COVID-19 outbreak. To guide our clients, colleagues and friends, PJS Law prepared a summary of legal and business issues in relation to this health crisis, …
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