—Paolo E. Abarquez, Partner —Mitchel Q. Tuazon, Associate On 18 August 2020, the Securities and Exchange Commission (“SEC”) issued SEC Memorandum Circular (“SEC MC”) No. 22 s. 2020, which provides for guidelines on corporate term, implementing Section 11 of the Revised Corporation Code (“RCC”) and particularly clarifying notice and voting/approval requirements. Perpetual Corporate Existence Under

—Carlo E. Abarquez, Partner—Trixie Carmela J. Gonzales, Associate As Covid-19 continues to affect the lives of many, employers are challenged to innovate and rise above problems on workplace safety while meeting market demands and maintaining supply chains. Although businesses are confronted with exceptional and imminent difficulties, employers are encouraged to look forward and think ahead.