How to Compel a Corporation to Grant Access to Corporate Records

Access to corporate records is vital in any corporation. Whether these records pertain to financial documents, human resources, operation endeavors, future plans, or even building and floor plans, these records help the officers, directors, and the stockholders map out the present and future directions for the company. In view of their significance, access to the […]

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How to Implement a Redundancy Program in the Work Place

Philippine Legal Advice / wncdevegalaw

Dismissal of workers due to redundancy is a management prerogative governed by the Article 283 of the Labor Code. This is one of the authorized causes which an employer, in good faith, may utilize as a measure of efficiency in the company, or to prevent company losses. The pertinent portions of the law provide: Article

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How to Transfer Shares of Stock in a Corporation

Philippine Legal Advice / wncdevegalaw

Philippine law treats shares of stock in a corporation as personal property. Similar to other personalty, the owner of the property can sell, assign, transfer or convey his property to another as he wishes. This is an attribute and principle of ownership which cannot be taken away. However, being in the nature of intangible personal

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When is an Employee Entitled to Separation Pay?

Philippine Legal Advice / wncdevegalaw

Separation pay has been defined as the amount that an employee receives at the time of his severance and is designed to provide the employee with the wherewithal during the period he is looking for another employment. However, this broad definition must not be taken at face value. There are only limited instances wherein separation

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How to Do Business Legally in the Philippines

Philippine Legal Advice / wncdevegalaw

Contrary to popular belief, it is actually easy to legally do business in the Philippines. The Philippine government has taken great strides to ensure ease of doing business in the country. You must first remember that in order to do business in the Philippines, you must choose the business vehicle that you wish to utilize.

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How to Get a Special Investor’s Resident Visa (SIRV)

Philippine Legal Advice / wncdevegalaw

How to Get a Special Investor’s Resident Visa (SIRV) The Special Investor’s Resident Visa (SIRV) is a visa issued by the Bureau of Immigration through the Board of Investments (“BOI”) pursuant to the provisions of the Omnibus Investments Code of 1987. The SIRV is a special non-immigrant visa that entitles the holder to reside in

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Illegal recruitment and its Penalty

Philippine Legal Advice / wncdevegalaw

What is illegal recruitment? Republic Act No. 10022, otherwise known as the Migrant Workers Act” defines illegal recruitment as any act of canvassing, enlisting, contracting, transporting, utilizing, hiring, or procuring workers and includes referring, contract services, promising or advertising for employment abroad, whether for profit or not, when undertaken by non-licensee or non-holder of authority.

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Philippine Representative Office

Philippine Legal Advice / wncdevegalaw

A Representative or liaison office deals directly, with the clients of the foreign parent company but does NOT derive income from the Philippines and is fully subsidized by its foreign head office. It undertakes activities such as but not limited to information dissemination and promotion of the company’s products as well as quality control of

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Philippine Branch Office

Philippine Legal Advice / wncdevegalaw

A Branch office of a foreign company carries out the business activities of the foreign head office and derives income from the Philippines. It has NO separate legal personality since it is merely an extension of the foreign head office. The minimum inward remittance for a branch office is Two Hundred Thousand United States Dollars

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Philippine Subsidiary

Philippine Legal Advice / wncdevegalaw

Should you wish to incorporate a Philippine subsidiary, you need to file an application with the Securities & Exchange Commission. It must be noted that a subsidiary has a distinct and separate personality from its parent company. In forming a subsidiary, it must be borne in mind that the Corporate Secretary and Corporate Treasurer must

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Philippine Legal Advice

How to Compel a Corporation to Grant Access to Corporate Records

How to Implement a Redundancy Program in the Work Place

How to Transfer Shares of Stock in a Corporation

When is an Employee Entitled to Separation Pay?

How to Do Business Legally in the Philippines

How to Get a Special Investor’s Resident Visa (SIRV)

Illegal recruitment and its Penalty

Philippine Representative Office

Philippine Branch Office

Philippine Subsidiary

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