PJS Law and ExcelCSI conduct briefing for Singapore FinTech Association delegation

Last August 10, 2023, PJS Law conducted a briefing for the delegation of Singapore FinTech Association (SFA) on doing business in the Philippines and particular fintech regulations in the Philippines. This effort is in line with PJS Law’s commitment to bridge connections between groups and institutions within and beyond the ASEAN Region and the Philippines. …
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CNPF welcomes Atty. Regina Jacinto-Barrientos as newly elected board member

At their 2021 Annual Stockholders’ Meeting last July 6, Century Pacific Food, Inc. elected three new members to its Board of Directors. Among the newly elected board members is our very own CEO and co-founder, Atty. Regina Jacinto-Barrientos. Joining her as new additions are Stephen CuUnjieng, a global investment banker and former Chairman and CEO …
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Tax exemption rules for foreign dividends, amended by BIR

The Bureau of Internal Revenue (“BIR”) issued Revenue Regulations (“RR”) No. 5-2023, amending certain provisions of RR No. 5-2021. Particularly, RR No. 5-2023 lists the new requirements to be complied with by a domestic corporation in order to avail income tax exemption of foreign-sourced dividends. RR No. 5-2023 requires the submission of the following documentary …
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PJS Law to combine with Dentons

PJS Law is announcing today its intention to combine with the world’s largest global law firm, Dentons, solidifying a longstanding collaboration between the two firms. The future combination represents PJS Law’s investment in fulfilling its mission and ensuring that it constantly embodies the law firm of the future. Regina Jacinto-Barrientos, CEO of PJS Law, said: …
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PCC adjusts thresholds for mandatory merger and acquisition notification

The Philippine Competition Commission (PCC) has released Commission Resolution No. 18-2022 (Resolution), which adjusts the thresholds for the compulsory notification of mergers and acquisitions. It will be effective starting on September 16, 2022. Based on the Resolution, the new thresholds for the compulsory notification of parties to a merger or acquisition are as follows: a) …
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NPC issues guidelines on Administrative Fines

The National Privacy Commission (the “NPC”) has finalized and released NPC Circular No. 2022-01 entitled Guidelines on Administrative Fines (the “Guidelines”). A copy of the Guidelines may be accessed at the NPC’s website via this link. The Guidelines imposes administrative fines for violations of the provisions of the Data Privacy Act (“DPA”), its Implementing Rules and …
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PJS Law welcomes new partners and senior associates!

PJS Law is pleased to announced the entry to the partnership of Sergio Ildefonso Felipe O. Pinlac, Rachelle Lim-Magtanggol, Jeric Angelo B. Galon and Miguel Antonio L. Mendoza. Ponch Pinlac is one of the leading lawyers of firm’s Dispute Resolution team. He joined PJS Law as an associate in 2016 and was promoted to Senior …
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  Effective April 1, 2022, Monalisa C. Dimalanta will be joining Aboitiz Power Corporation as Compliance Officer. PJS Law wishes to thank Mona for her invaluable contributions to the firm and its team – from leading our Energy Practice to blazing trails in legal technology. In her twenty years with PJS Law, Mona was instrumental in …
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NPC releases further updated draft circular on administrative fines

The National Privacy Commission (“Commission”) has further updated its draft Circular on the Guidelines on Administrative Fines (“Draft Guidelines”). As compared to the previous draft released in 2021, the Draft Guidelines changed the nomenclature of the range of violations from “Tiers 1 to 4” to “Grave”, “Major”, and “Other” violations (collectively, “Violations”). The proposed fines …
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