Philippine Law Library
191,411 documents · SC decisions 1901–present · statutes · issuances
60 document(s) in SEC Opinions
Opinion No. 26-11 Re: Capacity of a Corporation to Enter into Co-Working and/or Subleasing Arrangements
3 kchange ICSOD QFFICE OF THE GENERAL COUNSEL SEC-OGC Opinion No. 26-12 Re: Post-Production; Applicability of Foreign Equity Restriction on Mass Media 17 August 2026 ATTY. NORAIZA MAE KEITH M. TALBIN NMT Consulting Legal Services [email protected] Dear Atty. Talbin: subsidiary in the Philippines (Proposed Entity). opinion on the applicability of foreign equity restrictions to t…
Opinion No. 26-09 Re: Corporate Liquidation
[Scanned PDF — Opinion No. 26-09 Re: Corporate Liquidation]
Opinion No. 26-10 Re: Transfer of Stock Certificates Registered Under the Name of the Deceased Stockholder to His Legal Heirs
[Scanned PDF — Opinion No. 26-10 Re: Transfer of Stock Certificates Registered Under the Name of the Deceased Stockholder to His Legal Heirs]
Opinion No. 26-08 Re: Loan Program of a Non-Stock, Non-Profit Alumni Association
[Scanned PDF — Opinion No. 26-08 Re: Loan Program of a Non-Stock, Non-Profit Alumni Association]
Opinion No. 26-06 Re: Non-Stock, Non-Profit Corporation Vested with Governmental Function
[Scanned PDF — Opinion No. 26-06 Re: Non-Stock, Non-Profit Corporation Vested with Governmental Function]
Opinion No. 26-07 Re: Nationality Restrictions for Purely Private Construction Companies
[Scanned PDF — Opinion No. 26-07 Re: Nationality Restrictions for Purely Private Construction Companies]
Opinion No. 26-05 Re: Allowable Activities of a Representative Office
[Scanned PDF — Opinion No. 26-05 Re: Allowable Activities of a Representative Office]
Opinion No. 26-04 Re: Treatment for Dormant or Inactive Stockholders
[Scanned PDF — Opinion No. 26-04 Re: Treatment for Dormant or Inactive Stockholders]
Opinion No. 26-01 Re: Real Estate Investment Trust Act of 2009, Reinvestment Plan
Securities and BAGONG PILIPINAS Exchange Commission PHBLIPPINEs OFFICE OF THE GENERAL COUNSEL SEC OGC Opinion No. 26-01 Re: Real Estate Investment Trust Act of 2009; Reinvestment Plan 12 January 2026 FILINVEST REIT CORP. Filinvest Building 79 Edsa, Highway Hills, Mandaluyong City Metro Manila [email protected] Attn: ATTY. KATRINA O. CLEMENTE-LUA Legal…
Opinion No. 26-02 Re: Conversion of Common Shares into Redeemable Preferred Shares; Determination of Redemption Price
[Scanned PDF — Opinion No. 26-02 Re: Conversion of Common Shares into Redeemable Preferred Shares; Determination of Redemption Price]
Opinion No. 26-03 Re: Composition of the Board of Directors, Qualification of Foreign Representatives, and Beneficial Ownership Disclosure
[Scanned PDF — Opinion No. 26-03 Re: Composition of the Board of Directors, Qualification of Foreign Representatives, and Beneficial Ownership Disclosure]
Opinion No. 25-13 Re: Stock, Non-Profit Corporation
[Scanned PDF — Opinion No. 25-13 Re: Stock, Non-Profit Corporation]
Opinion No. 25-14 Re: Lending Company Regulation Act of 2007; Lending Company Activity
[Scanned PDF — Opinion No. 25-14 Re: Lending Company Regulation Act of 2007; Lending Company Activity]
Opinion No. 25-12 Re: Incorporated Joint Ventures
[Scanned PDF — Opinion No. 25-12 Re: Incorporated Joint Ventures]
Opinion No. 25-11 Re: Effect of Merger
[Scanned PDF — Opinion No. 25-11 Re: Effect of Merger]
Opinion No. 25-10 Re: Participation of Foreigners in the Board of Directors
[Scanned PDF — Opinion No. 25-10 Re: Participation of Foreigners in the Board of Directors]
Opinion No. 25-09 Re: Allowable Activities of a Representative Office
[Scanned PDF — Opinion No. 25-09 Re: Allowable Activities of a Representative Office]
Opinion No. 25-08 Re: Revaluation Increment or Appraisal Surplus Available for Cash and Stock Dividend
[Scanned PDF — Opinion No. 25-08 Re: Revaluation Increment or Appraisal Surplus Available for Cash and Stock Dividend]
Opinion No. 25-07 Re: Compensation vis-à-vis Reasonable Per Diems of the Board of Trustees
[Scanned PDF — Opinion No. 25-07 Re: Compensation vis-à-vis Reasonable Per Diems of the Board of Trustees]
Opinion No. 25-05 Re: Implementation of New Financing Program; Corporate Powers; Purpose Clause
[Scanned PDF — Opinion No. 25-05 Re: Implementation of New Financing Program; Corporate Powers; Purpose Clause]
Opinion No. 25-06 Re: Allowable Activities of a Corporate Debt Vehicle
[Scanned PDF — Opinion No. 25-06 Re: Allowable Activities of a Corporate Debt Vehicle]
Opinion No. 25-04 Re: Quorum in Meetings of a Condominium Corporation
[Scanned PDF — Opinion No. 25-04 Re: Quorum in Meetings of a Condominium Corporation]
Opinion No. 25-03 Re: Engagement in E-Commerce vis-a vis Retail Trade Act
[Scanned PDF — Opinion No. 25-03 Re: Engagement in E-Commerce vis-a vis Retail Trade Act]
Opinion No. 25-01 Re: Capacity to sit as President
[Scanned PDF — Opinion No. 25-01 Re: Capacity to sit as President]
Opinion No. 25-02 Re: Qualifications and Disqualifications of Independent Directors
[Scanned PDF — Opinion No. 25-02 Re: Qualifications and Disqualifications of Independent Directors]
Opinion No. 24-42 Re: Applicability of the Rules on Material Related Party Transactions for Publicly-Listed Companies ("MRPT")
[Scanned PDF — Opinion No. 24-42 Re: Applicability of the Rules on Material Related Party Transactions for Publicly-Listed Companies ("MRPT")]
Opinion No. 24-43 Re: Exempt Transactions Under Subsection 10.2 of the Securities Regulation Code
[Scanned PDF — Opinion No. 24-43 Re: Exempt Transactions Under Subsection 10.2 of the Securities Regulation Code]
Opinion No. 24-41 Re: Entities Engaged in Mass Media and Advertising; Foreign Ownership Restrictions
[Scanned PDF — Opinion No. 24-41 Re: Entities Engaged in Mass Media and Advertising; Foreign Ownership Restrictions]
Opinion No. 24-44 Re: BITCOIN
[Scanned PDF — Opinion No. 24-44 Re: BITCOIN]
Opinion No. 24-40 Re: Buy-Back of Shares After Automatic Delisting
[Scanned PDF — Opinion No. 24-40 Re: Buy-Back of Shares After Automatic Delisting]
Opinion No. 24-35 Re: Appropriation of Retained Earnings for Contingencies
Securities and Commission Exchange NT BACONC PILIPINAS OFFICE OF THE GENERAL COUNSEL 14 November 2024 SEC OGC Opinion No.24-35 Re: Appropriation of Retained Earnings for Contingencies DEL ROSARIO&DEL ROSARIO LAW OFFICES 14th Floor Del Rosario Law Centre 21st Drive cor.20th Drive Bonifacio Global City [email protected] [email protected] Taguig,Manila Attention: Attys. Rowneyli…
Opinion No. 24-36 Re: Additional Paid-In Capital; Foreign Equity Ownership Requirement for Corporations Engaged in Land or Real Estate Business
Exchange Securities and Commission BACONG PILIPINAS OFFICE OF THE GENERAL COUNSEL November 2024 SEC-OGC Opinion No.3 Re: Ownership Requirement for Capital; Corporations Land or Real Estate Business Additional Foreign engaged Paid-In Equity in SENIORPROPERTIES CORPORATION Unit 602 West Insula 135 West Avenue, Quezon City Attention: Director Atty.Maria Elisa Dr.Mendoza Dear Atty.Mendoza a pr…
Opinion No. 24-39 Re: Definition and Composition of Paid-Up Capital Under the Retail Trade Liberalization Act of 2000, as Amended
Securities and Exchange Commission :TC OFFICE OF THE GENERAL COUNSEL 26 November 2024 SEC 0GC Opinion No. 24-39 Re: Definition and Composition of Paid-up Capital Liberalization Act of 2000, As Amended under the Retail Trade 4th and 6th Floors, BDO Towers Paseo, 8741 Paseo de Roxas SIGUION REYNA MONTECILLO & ONGSIAKO Makati City 1226, Philippines Attention: ATTYS. Nicanor N. Padilla, Elita Jo…
Opinion No. 24-34 Re: Foreigner Appointed as Chairman of a Corporation Engaged in a Partially Nationalized Economic Activity
Exchange Securities and Commission BAGONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 06 November 2024 SEC OGC Opinion No. 24 -34 Re: Foreigner appointed as Chairman of a corporation engaged in a partially nationalized economic activity BERNABE&PARTNERS LAW OFFICE 2nd Floor, Romanavil Bldg. San Jose St. Butuan City Attention:Atty.Audie G.Bernabe Dear Atty. Bernabe: Venkatesh Construction Corpo…
Opinion No. 24-38 Re: Mandatory Tender Offer Rule
Page 1 of 6 Securities ana Exchange Commission INE BACONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 26 November 2024 SEC-OGC Opinion No. 24-38 Re: Mandatory Tender Offer Rule 121 Valero Street, Salcedo Village ROQUE & BUTUYAN LAW OFFICES 1904 Antel Corporate center Makati City Attention: ATTY. JOEL RUIZ BUTUYAN ATTY. ROGER R. RAYEL ATTY. GEPEE ACERON GONZALES Dear Gentlemen: Inc. (the "CMI"…
Opinion No. 24-37 Re: Number of Directors in a Financing Company
Page 1 of 4 Securities and Exchange Commission BACONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 19 November 2024 SEC-0GC Opinion No.24-37 Re Number of Directors in a Financing Company 3B Basic Petroleum Bldg., 104 C Palanca St.Legazpi Village [email protected] GAMMAD LAW OFFICE Makati City AttentionAtty.Joel C.Gammad Dear Sir: number of directors allowed in a financing company. This ref…
Opinion No. 24-29 Re: Tekton Entre Multipurpose Cooperative
Securities ana Commission Exchange PE BAGONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 11 October 2024 SEC-0GC Opinion No. 24-30 Re: Exemption from Securities Registration; Cooperatives TEKTON ENTRE MULTIPURPOSE COOPERATIVE Brgy San Roque., Cebu City, Philippines Bathan Bldg., Jereza Street Cor. Burgos, Attention: Dr. Francisco B. Noob, DMD Dear Dr. Noob, cooperatives. This is in connection …
Opinion No. 24-28 Re: Foreigner in the Board off-shore Collective Investment Schemes
Page 1 of 5 Exchange Securities and Commission BACONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 09 October 2024 SEC 0GC Opinion No. 24-28 Re: Foreigner in the Board of Off-shore Collective Investment Schemes 17F Robinsons Equitable Tower Ortigas Center, Pasig City 1605 BELLO VALDEZ & FERNANDEZ 4 ADB Ave., cor. P. Poveda Drive Attention Atty. Emilio Sebastian M. Caedo [email protected] Re …
Opinion No. 24-27 Re: Foreign Equity Ownership for Mineral Processing Companies
Securities and Commission Exchange 7.1M.-1 LIPINAE OFFICE OF THE GENERAL COUNSEL 09 October 2024 SEC OGC Opinion No. 24-27 Re: Foreign Equity Ownership for Mineral Processing Companies 2 7th Floor, Capital House Building 34th St., Cor. 9th Avenue, Bonifacio Global City, 1634 [email protected] NICKEL PRIME INC. Attention: Atty. Caleb P. Cello Legal Counsel Dear Sir: requesting fo…
Opinion No. 24-21 Re: Non-Stock/Non-Profit Organization to Establish Income Generating Activity - Contact/Call Center
Exchange Securities and Commission BAGONG PILIPINAS e August 2024 SEC-OGC Opinion No.&- 2 RE: Non-Stock/Non-Profit Organization to Establish Income Generating Activity - Contact/ Call Center ATTY.GENESES R.ABOT West Triangle Quezon City 389 Quezon Ave. corner West 6th St. Dear Atty.Abot Development Foundation, Inc. (WVDF, a non-stock, non-profit organization can establish a business process o…
Opinion No. 24-23 Re: Term Limit of Board of Directors of a Country Club
Securities and Exchange Commission INE BAGONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 11 September 2024 SEC OGC Opinion No.24-23 Re:Term Limit of Board of Directors of a Country Club 1716 Investment Drive, Madrigal Business Park, Alabang, Muntinlupa City, Philippines ANOVER ANOVER SAN DIEGO PRIMAVERA LAW OFFICES Unit 1003,10th Flr.Park Trade Centre [email protected] Gentlemen: an opinion in…
Opinion No. 24-26 Re: Total Amount of Credit a Financing Company May Extend for Real Estate Transactions
Exchange Securities and Commission INE BAGONG PILIPINAS 25 September 2024 SEC-0GC Opinion No. 24-26 RE: Total Amount of Credit a for Real Estate Transactions Financing Company May Extend Email: tiongcosiaobellolaw.com TIONGCO SIAO BELLO & ASSOCIATES LAW OFFICES 2104-05 Robinsons Equitable Tower, ADB Avenue Ortigas Center, 1605, Philippines Pasig City Attention: Atty. Greg Joseph S.J. Tiongcc …
Opinion No. 24-24 Re: Applicability of the 19-Lender Rule
Page 1of 3 Commission Securities ana Exchange BACONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 11 September 2024 SEC OGC Opinion No.+ -24 Re: Applicability of the 19-Lender Rule TOYOTA Financial Services Philippines Corporation 32F GT Tower International,Ayala Ave.cor.HV Dela Costa St. Salcedo VillageMakati City 1226 ATTENTION Mr.Atsushi Murakami Dear Mr.Ocampo 9.1.2.4 [now Rule 9.1.2.5] of…
Opinion No. 24-22 Re: Allowable Activities of a Representative Office
Exchange Securities and Commission 11s BAGONG PILIPINAS QFFICE OF THE GENERAL COUNSEL Re: Allowable Activities of a SEC OGC Opinion No._24 - 22 Representative Qffice [0September 2024 26th Floor BDQ Towers Valero 8741 Pa$eo de Roxas Makati City 1209 Philippines [email protected] REYES TACANDONG & CO. [email protected] Attention: Atty. Arvin Stephen L. Molina Atty. Ma. Ca…
Opinion No. 24-25 Re: Creation of a Local Position of Assistant Secretary in a Representative Office
SecuritieS and Exchange Commission INE BAGONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 19 September 2024 SEC OGC Opinion No.24-25 Re: Creation of a Local Position of Assistant Secretary in a Representative Office Unit 3102 Antel Global Corporate Center #3 Julia Vargas Avenue, Ortigas Center [email protected] TAN HASSANI& COUNSELS Pasig CityPhilippines 1605 Attn: ATTY.KERWIN K.TAN Partn…
Opinion No. 24-16 Re: Election of a Foreign Director
Page 1 of 4 Securities and Exchange Commission PPINES BAGONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 18 June 2024 Re: Election of a Foreign Director SEC-OGC Opinion No. 24-t 5th Floor Pacific Star Building AZURA QUIROZ & CAMPOS Sen. Gil J. Puyat Avenue corner Makati Avenue Makati City 1200 [email protected] Attention: Atty. Emilio A. Quiroz Dear Atty. Quiroz: foreigner as direct…
Opinion No. 24-18 Re: Anti-Dummy Law
Page 1 of 4 Exchange Securities and Commission BAGONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 25 June 2024 SEC OGC Opinion No. 24-18 Re:Anti-Dummy Law COMMUNITY ECONOMIC VENTURES (A MICROFINANCE NGO) INC. 3rd Floor, CKU Building Llorente Street,Cebu City 6000 CebuPhilippines Attention: [email protected] ATTY. MARIE NICKIE H. BOLOS Dear Atty.Bolos Ventures (A Microfinance NGO) Inc.CEVI…
Opinion No. 24-15 Re: Corporate Restructuring of a Domestic Corporation; Rice and Corn Industry; and Property Swap
Page 1 of 5 Exchange Securities and Commission BACONG PILIPINAS OFFICE oF THE GENerAL CoUNSEL June 2024 SEC OGC Opinion No.24-t Re: Corporate restructuring of 2 domestic corporation; Rice and corn industry: and Property swap DEL ROSARIO AND DEL ROSARIO LAW OFFICES 2515 High Street South Corporate Plaza Tower 2, 26th St. Cor. 11th Ave, Taguig City Attn: Atty. Saben Loyola Atty. Rowneylin Si…
Opinion No. 24-20 Re: Financing Company Act of 1998, as amended; Financial Leasing
Securities and Exchange Commission INE BACONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 16 July 2024 SEC OGC Opinion No.24-20 Re: Financing Company Act of 1998, as amended; Financial Leasing BATERINA PERETE &CASTRO LAW 1121 The One Office Building No.5 West Ave. cor. Col.Martinez St. Quezon City Attention: ATTY.MARKK L.PERETE Dear Atty.Perete Corporation), which is one hundred percent (100%) …
Opinion No. 24-17 Re: Retail Trade Liberalization Act of 2000, as amended; Exception of Single Outlet Sales; Single Outlet Defined
Exchange Commission Securities and 1 BAGONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 12 June 2024 SEC OGC Opinion No. 24-t4 Re: Retail Trade Liberalization Act of 2000, as Single Qutlet Defined amended; Exception of Single Qutlet Sales; South Superhighway, Alabang, Muntinlupa City 2nd Floor, Sharp Building, Km. 23 West Service Road Assistant Vice-President for Legal ATTY. GILBERT E. MORENO De…
Opinion No. 24-14 Re: Inspection Rights of Shareholders
Exchange Securities and Commission BACONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 21 May 2024 SEC OGC Opinion No.24-14 Re: Inspection Rights of Shareholders 3rd Flr,CIFC Tower,Juan Luna Ave.Extension MR.ARIEL CONDAT Corporate Secretary, Flexi Finance Asia, Inc. Cebu City,Central Visayas Philippines Dear Sir: an opinion on inspection of corporate books and records. This refers to your letter…
Opinion No. 24-19 Re: Wholly or Partly Nationalized Activity; Anti-Dummy Law
Securities and Exchange Commission BAGONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 02 July 2024 SEC OGC Opinion No. 24-19 Re: Wholly or Partly Nationalized Activity: Anti-Dummy Law 4th and 6th Floors, Citibank Center, 8741 Paseo de Roxas Makati City, 1226 Philippines generalsrmo-law.com SIGUION REYNA MONTECILLO & ONGSIAKO Attention: Atty. Antonio C. Pido Atty. Edgardo Roman Manuel C. Balois …
Opinion No. 24-11Re: Annual Meeting via Remote Communication and Voting in Absentia
Exchange Commission Securities and iPPIE BAGONG PILIPINAS OFFICE OF tHE GENERAL COUNSEL 26_ April 2024 SEC OGC Opinion No.4-t+ Re: Annual Meeting via Remote Communication and Voting in Absentia Bonifacio Global City, Taguig [email protected] Pacific Plaza Towers Condominium Corporation MR. ENRIQUE M. AGUS General Manager 4th Avenue, West Crescent Park, Sir: connection with the conduc…
Opinion No. 24-10Re: Perpetual Term of Officers
Exchange Commission Securities and ILIPDNE BAGONG PILIPINAS OFFICE OF THE GENERAL COUNSEL SEC-OGC Opinion No.&4-to Re: Perpetual Term of Officers 25 April 2024 ADD Convention Center info@mcgiorg MEMBERS CHURCH OF GOD INTERNATIONAL (MCGI) INC. Brgy. Sampaloc, Apalit, Pampanga Attention: Atty. Pablo B. Ajesta Legal Counsel Dear Sir: Incorporation (AOI) or by-laws of Members Church of God Int…
Opinion No. 24-12Re: Voting by Remote Communication Based on a Board Resolution
Securities and Exchange Commission BACONG PIL HNAS OFFICe OF tHe GeNerAl CoUNSeL 8_May 2024 SEC OGC Opinion No.24-12 Re: Voting by Remote Communication Based on a Board Resolution MR. NELSON P. MAGLANA Deco Machine Shop Inc. [email protected] J.P. Cabaguio Avenue, Davao City Dear Sir: This refers to your letter' requesting for the Commission's opinion on whether or not the Philippine So…
Opinion No. 24-13Re: Financing Company Act of 1998, as amended; Financial Leasing
Securities and Exchange Commission BACONG PILIPINAS OFFICE OF THE GENERALCOUNSEL SEC OGC Opinion No.2-3 Re: Financing Company Act of 1998, as amended; Financial Leasing May 2024 PUYAT JACINTO SANTOS LAW Makati City 1200, Philippines Rockwell Center 10/F 8 Rockwell,Hidalgo corner Plaza Drive Attetion: ATTY.JEWELYNN GAY B.ZARENO Dear Atty. Zareno: Services (Philippines) Inc. ("Adventus"), is…
Opinion No. 24-09Re: Doing Business in the Philippines
Page 1 of 4 Commission Securities and Exchange BAGONG PILIPiNAS OFFice of the general counsel 24 Apri} 2024 SEC OGC Opinion No.2-09 Re: Doing Business in the Philippines 6819 Ayala Ave., Makati City [email protected] ATTY. OLIVER S. GARCIA 19F Yuchengco Tower,RCBC Plaza Dear Atty. Garcia: (Lhotse), for an opinion on whether or not it is required to obtain a license in the Philippines.…
Opinion No. 24-08Re: Liquidation Beyond the Three (3) Year Winding Up Period
Exchanas Commission Securities and DHLIAINAS OFFICe OF tHe GeNerAl COuNSeL SEC OGC Opinion No.1:08 Re: Liquidation Beyond The Three (3) Year Winding Up Period (8_April 2024 8th Floor STI Holdings Center, 6764 Ayala Avenue Makati City THE MERCHANT'S HOTEL CORPORATION [email protected] Attention: Ms. Rina Pauline T. Abadiano Dear Ms. Abadiano: and winding up of The Merchant's Hotel Cor…
Opinion No. 24-07Re: Section 22 of Republic Act (R.A.) No. 11232 or the Revised Corporation Code of the Philippines (RCCP)
Page 1 of 4 Exchange Securities and Commission INE: BACONG PILIPINAS OFFICE OF THE GENERAL COUNSEL 04 April 2024 SEC OGC Opinion No.2-o Re: Section 22 of Republic Act (R.A.) No. 11232 or the Revised Corporation Philippines (RCCP) Code of the Makati, 1200 Metro Manila 33F Zuellig Building, Makati Ave ORACLE (PHILIPPINES) CORPORATION Re Attention Atty. Carol B. Taguinod-Sorita ophilcorp-cl_ph…
Opinion No. 24-06Re: Liquidation Beyond the 3-Year Winding Up Period
Commission Securities and Exchange CONG PILIPINAS OFFICE OF tHe GeNERAL COUNSeL SEC OGC Opinion No._24- Re: Liquidation beyond the 3-year winding up period. 04_ April 2024 Rm. 205 KRC Bldg., Lopez Jaena Street Subangdaku, Mandaue City, Cebu [email protected] Cabrido and Associates Law Firm ATTY. JUNE MARIANNE EDIZA, CPA Dear Attorney: particularly shares of stocks in SWU-PHINMA, …