—Timothy Joseph N. Lumauig, Partner—Aidyl Pearl U. Perez, Associate On 17 August 2020, the Bureau of Internal Revenue (the “BIR”) issued Revenue Regulations (“RR”) No. 20-2020,[1] which revised the rules for determining the fair market value (“FMV”) for the sale, barter, exchange or other disposition of shares of stock not traded through the stock exchange.

—Ely R. Vasig, Partner—Justine Abigail C. Sablan, Associate Vasig | Abarquez | Lumauig | Abarquez | Puno Law Offices (“VAL Law”), through Legal Hackers Manila and in support of the initiative of UP Women Lawyers Circle, is proud to have had the opportunity to promote and participate in the initiative towards the issuance of A.M.