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Global: A Guide to Regulatory Fintech Sandboxes Internationally

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Regulators around the world are responding quickly to the rapidly evolving financial technology, or fintech, landscape. As new or emerging financial products, services or...

Philippines: Philippine economic stimulus law now in effect

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On 11 September 2020, President Rodrigo Duterte signed into law Republic Act No. 11494, otherwise known as the Bayanihan to Recover as One Act (Bayanihan 2), which details the measures to be implemented by the Philippine government to stimulate and accelerate the recovery of the Philippine economy from the adverse impact brought about the by the Coronavirus 2019 (COVID-19) pandemic. The Bayanihan 2 took effect on 15 September 2020.

Philippines: COVID-19 – The National Labor Relations Commission Issues Interim Amendments to the 2011...

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As a protective measure against the COVID-19 virus and in line with the directive of the Philippine President to all government offices to issue guidelines on the conduct of proceedings during the time of public health emergency, the National Labor Relations Commission (NLRC) promulgated En Banc Resolution No. 03-20 (Series of 2020), or the "Interim Amendments to the 2011 NLRC Rules of Procedure, as amended."

Philippines: COVID-19 – The National Labor Relations Commission Issues Interim Amendments to the 2011...

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As a protective measure against the COVID-19 virus and in line with the directive of the Philippine President to all government offices to issue guidelines on the conduct of proceedings during the time of public health emergency, the National Labor Relations Commission (NLRC) promulgated En Banc Resolution No. 03-20 (Series of 2020), or the "Interim Amendments to the 2011 NLRC Rules of Procedure, as amended."

Philippines: Competition Commission identifies competition concerns in the Philippine Pharmaceutical Industry

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The Philippine Competition Commission (PCC) has identified the health and pharmaceuticals industries as one of its priority sectors of enforcement for year 2020. Coupled with the increased demand for improved access to healthcare and affordable medicine resulting from the COVID-19 pandemic, we expect the PCC to intensify its monitoring of participants in the Philippine pharmaceutical markets.

Philippines: Amending the rules on determining the fair market value of shares of stock

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The Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 20-2020 dated 3 August 2020, amending RR No. 06-2013 in relation to RR No. 06-2008, governing the imposition of tax on the sale, barter, exchange or other disposition of shares of stock not traded through the local stock exchange. 

Philippines: COVID-19 – Guidelines for proper handling of customer and visitor information for contact...

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On 8 July 2020, the National Privacy Commission (NPC) released NPC PHE Bulletin No. 15 to guide establishments on the proper handling and protection of personal data collected from customers and visitors of barbershops, salons, restaurants, and fast-food businesses, in relation to the guidelines covering such establishments issued by the Department of Trade and Industry (DTI).

Philippines: Reopening the workplace – A legal perspective

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In brief The Philippine national government has imposed an Enhanced Community Quarantine (ECQ) over the entire Luzon island effective 17 March 2020 to 15 May...

Asia Pacific: Webinar: COVID-19 and Supply Chains: Navigating the Immediate, Changing, Mid- and Longer-Term...

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In continuation of Baker McKenzie's Asia Pacific webinar series on the business impact of COVID-19, we bring you another panel of legal practitioners to...

Philippines: DTI, DA, and DOH Temporarily Freeze Prices on Basic Necessities (COVID-19)

DTI, DA, and DOH temporarily freeze prices on basic necessities as part of Covid-19 remedial measuresRecent developments The Department of Trade and Industry (DTI), Department...
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