Must applicants for a commercial recruitment license heavily post specific financial bonds?
To totally ensure strict compliance with recruitment rules, a solid financial guarantee is practically legally necessary. Recruitment agencies must visibly protect innocent workers from extreme potential abuse or sudden contractual breach. All private applicants for a commercial license shall forcefully post specific cash and strict surety bonds as ultimately determined by the Secretary. This deep financial security requirement is legally mandated by Article 31 Labor Code of the Philippines. “ART. 31. Bonds. – All applicants for license or authority shall post such cash and surety bonds as determined by the Secretary of Labor to guarantee compliance…” 30-May-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
