—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.

—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.

—Carlo E. Abarquez, Partner—Aidyl Pearl U. Perez & Gio Raymond P. Ceniza, Associates Widespread brand recognition plays a big part in determining the success of a business. Goodwill, on the other hand, works hand in hand with brand recognition as it is the favor or advantage that a business acquires through the years by reason