Tag: business lawyer

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THE LAW ON CHRISTMAS IN THE PHILIPPINES

The Philippine legal system is a civil law system. This means that the Philippines relies on laws enacted by Congress to govern all matters – including Christmas, our favorite holiday. Christmas did not just become a holiday in the Philippines by tradition or religion. As with all red letter days and public holidays, there are laws that govern the celebration of Christmas as a holiday.

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Basics on the Contract of Agency

We oftentimes hear the words “agency”, “principal”, “agency relationship” and “ahente”. So, what do these words mean? What is the relationship between an agent and his principal? What are their liabilities? Read on and learn the basics. The Civil Code of the Philippines is the governing law on agency. Article 1868 of the Civil Code […]

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Payment of the 13th Month Pay

In the Philippines, the sound of Christmas bells not only evokes the feeling of Christmas cheer but also signals for the payment of the 13th month pay for employees.   Under Presidential Decree 851, all rank-and-file employees are entitled to the 13th month pay regardless of the amount of basic salary that they receive in […]

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Creating a Company with a Foreign Principal in the Philippines

Foreigners can do business in the Philippines. In fact, foreign investment contributes greatly to the Philippine economy.  Some foreigners wish to establish companies in the Philippines which either form part of the company abroad or with a separate entity from its foreign principal. Either way, companies in the Philippines with foreign principals must be duly […]

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