Cross-Border Arbitration: Enforcing Foreign Awards in the Philippines
Cross-Border Arbitration: Enforcing Foreign Arbitral Awards in the Philippines As Philippine businesses increasingly enter into contracts with foreign partners, cross-border disputes are no longer the exception — they’re an expected part of doing international business. When those disputes are resolved through arbitration abroad, a critical question follows: can that award actually be enforced here in […]
Supreme Court Issues Landmark Ruling on Corporate Rehabilitation Proceedings
Supreme Court Issues Landmark Ruling on Corporate Rehabilitation Proceedings The Supreme Court has clarified just how far a rehabilitation court’s authority extends — including its power to compel arbitration with third parties who never agreed to be part of the rehabilitation proceedings themselves. The ruling, involving Philippine Phosphate Fertilizer Corporation (PhilPhos) and its insurers, offers […]
Supreme Court Denies Petition in High-Profile Tax Refund Case
Supreme Court Denies Petition in High-Profile Tax Refund Case The Supreme Court has put an end to a years-long tax refund dispute involving OceanaGold (Philippines), Inc., affirming lower court rulings that denied the mining company’s bid to recover more than PHP 200 million in excise taxes. The decision offers a useful reminder of just how […]
Key Amendments to the Corporate Recovery and Insolvency Rules
Key Developments in the Philippine Corporate Recovery and Insolvency Framework Corporate rehabilitation and insolvency remain a critical safety net for financially distressed businesses in the Philippines. While the core law hasn’t been overhauled, recent Supreme Court guidance and a pending legislative proposal are reshaping how rehabilitation cases actually move through the courts. Here’s where things […]